Cheniere (LNG) Hikes Dividend, Buyback in Strategic Boost
LNGCheniere(LNG) ZACKS·2024-06-18 21:15

Cheniere Energy (LNG) , a leading U.S. exporter of liquefied natural gas (“LNG”), has announced a significant enhancement to its capital allocation strategy. The company has approved an additional $4 billion in share repurchase authorization through 2027 and plans to increase its quarterly dividend by 15% to an annualized rate of $2.00 per common share, starting in the third quarter of 2024.Progress on the “20/20 Vision” PlanCheniere’s 20/20 Vision capital allocation plan, introduced in 2022, has made subst ...