Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on August 10th

Cheniere Energy, Inc. (NYSE:LNGGet Free Report) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 10th will be given a dividend of 0.555 per share by the energy company on Tuesday, August 18th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 10th.

Cheniere Energy has a dividend payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cheniere Energy to earn $17.43 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 12.7%.

Cheniere Energy Trading Down 3.6%

LNG opened at $256.24 on Friday. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $300.89. The stock has a market capitalization of $53.69 billion, a price-to-earnings ratio of 19.08 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The business has a fifty day moving average price of $248.51 and a 200 day moving average price of $246.30.

Hedge Funds Weigh In On Cheniere Energy

Several hedge funds have recently bought and sold shares of LNG. Brighton Jones LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth about $335,000. Bank of Nova Scotia raised its position in Cheniere Energy by 13.3% in the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after purchasing an additional 1,035 shares during the period. Sei Investments Co. raised its holdings in shares of Cheniere Energy by 23.1% during the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after buying an additional 34,422 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Cheniere Energy by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after purchasing an additional 805 shares during the period. Finally, Ieq Capital LLC increased its stake in Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after buying an additional 16,977 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

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Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.

Further Reading

Dividend History for Cheniere Energy (NYSE:LNG)

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