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Cheniere Power (NYSE:LNG) +0.7% post-market Monday after saying its board authorised a dividend enhance starting in Q3 and a $4B enhance in its share repurchase authorization by 2027.
Cheniere (LNG) stated it plans to boost its quarterly dividend by ~15% to $2.00/share annualized, as half of its plan to return significant capital to shareholders whereas attaining and sustaining funding grade credit score metrics.
“This announcement solidifies our line of sight in direction of the objectives of the capital allocation plan to maximise shareholder worth by deploying over $20B of obtainable money in direction of accretive progress, capital returns, and a sustainable funding grade stability sheet, with a view to generate over $20/ share in run-rate distributable money movement for shareholders,” CFO Zach Davis stated.
