Cheniere Energy, Inc. (NYSE:LNG) Plans Quarterly Dividend of $0.62

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Monday, November 9th will be given a dividend of $0.6250 per share by the energy company on Tuesday, November 17th. This represents a $2.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, November 9th. This is a 12.6% increase from Cheniere Energy’s previous quarterly dividend of $0.5550.

Cheniere Energy has a payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Cheniere Energy to earn $19.69 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 11.3%.

Cheniere Energy Stock Up 7.1%

LNG stock traded up $21.05 during midday trading on Thursday, hitting $318.82. The company’s stock had a trading volume of 4,713,515 shares, compared to its average volume of 2,310,526. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $321.22. The firm has a market capitalization of $65.85 billion, a P/E ratio of 23.74, a PEG ratio of 1.19 and a beta of 0.06. The firm has a 50-day simple moving average of $280.16 and a 200-day simple moving average of $254.38.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The firm’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company posted $7.30 EPS. As a group, equities analysts forecast that Cheniere Energy will post 20.86 EPS for the current year.

Cheniere Energy Company Profile

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.