Excelerate Energy, Inc. (EE) to Distribute Quarterly Dividend of $0.09 on September 3rd

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.09 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a 12.5% increase from Excelerate Energy’s previous quarterly dividend of $0.08.

Excelerate Energy has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Excelerate Energy to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.1%.

Excelerate Energy Stock Up 2.6%

NYSE EE opened at $39.22 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $36.40 and a two-hundred day moving average of $36.00. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 1.39 and a beta of 1.23. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $433.44 million for the quarter, compared to the consensus estimate of $351.68 million. Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The company’s revenue was up 37.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. On average, analysts predict that Excelerate Energy will post 1.52 earnings per share for the current year.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.