Venture Global, Inc. (NYSE:VG) to Issue Dividend Increase – $0.04 Per Share

Venture Global, Inc. (NYSE:VG) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.04 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 122.2% increase from Venture Global’s previous quarterly dividend of $0.02.

Venture Global Stock Down 7.0%

Shares of NYSE:VG traded down $0.99 during trading on Tuesday, reaching $13.27. 23,357,833 shares of the company traded hands, compared to its average volume of 19,133,762. The firm has a fifty day simple moving average of $12.47 and a 200 day simple moving average of $12.29. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. Venture Global has a 1-year low of $5.72 and a 1-year high of $17.62. The firm has a market cap of $32.96 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.22.

Venture Global (NYSE:VG) last posted its earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $4.58 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. Analysts anticipate that Venture Global will post 1.51 earnings per share for the current fiscal year.

About Venture Global

Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.