Cheniere Announces Upsized Share Repurchase Authorization and Planned Increase in Dividend
Cheniere Energy, Inc. (LNG)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Business Wire
Continued Execution on ‘20/20 Vision’ Comprehensive Long-Term Capital Allocation Plan Increasing share repurchase authorization by an additional $4 billion through 2027Plan to increase third quarter 2024 dividend by ~15% to $2.00 per common share annualized1 HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE: LNG) announced today that its Board of Directors has approved an increase in its share repurchase authorization by an additional $4 billion through 2027, and a plan to increase its quarterly dividend by approximately 15% to $2.00 per common share annualized, commencing with the third quarter 2024.Today’s announcement highlights Cheniere’s robust cash flow generation and visibility while demonstrating further execution on Cheniere’s ‘20/20 Vision’ capital allocation plan (the “Plan”). Introduced in 2022, the Plan is designed to enable continued investment in Cheniere’s robust and accretive organic growth project pipeline, return meaningful capital to shareholder
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LNG
News
- Cheniere Energy, Inc. (NYSE: LNG) is now covered by analysts at Sanford C. Bernstein. They set an "outperform" rating on the stock.MarketBeat
- Cheniere Declares Quarterly DividendBusiness Wire
- Cheniere Energy, Inc. (NYSE: LNG) had its price target raised by analysts at TD Cowen from $178.00 to $185.00. They now have a "buy" rating on the stock.MarketBeat
- Cheniere Energy (NYSE:LNG) shareholders have earned a 21% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Cheniere Energy, Inc. (NYSE: LNG) had its price target raised by analysts at JPMorgan Chase & Co. from $213.00 to $214.00. They now have an "overweight" rating on the stock.MarketBeat
LNG
Earnings
- 5/3/24 - Miss
LNG
Sec Filings
- 5/22/24 - Form 8-K
- 5/14/24 - Form 4
- 5/9/24 - Form 8-K
- LNG's page on the SEC website