Excelerate Energy, Inc. (EE) to Distribute Quarterly Dividend of $0.09 on December 3rd

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.09 per share on Thursday, December 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 18th.

Excelerate Energy has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 18.1%.

Excelerate Energy Stock Up 0.9%

EE opened at $35.38 on Friday. The company has a fifty day moving average of $35.60 and a two-hundred day moving average of $36.00. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 24.40 and a beta of 1.25. Excelerate Energy has a fifty-two week low of $24.90 and a fifty-two week high of $43.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.80 and a current ratio of 1.80.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The business had revenue of $329.27 million for the quarter, compared to analyst estimates of $344.27 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue for the quarter was up 60.9% on a year-over-year basis. On average, research analysts expect that Excelerate Energy will post 1.55 earnings per share for the current year.

About Excelerate Energy

Excelerate Energy, Inc is a U.S.-based energy infrastructure company that provides liquefied natural gas (LNG) delivery and regasification services. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG back into natural gas for delivery to onshore or offshore pipeline systems.

Excelerate offers integrated LNG solutions that can include vessel ownership and operation, terminal and regasification services, LNG supply, logistics and project development.