Cheniere Energy Partners, L.P. (NYSE:CQP) Declares Quarterly Dividend of $0.78

Key Points

• $0.775 quarterly dividend declared, payable on May 15 to holders of record on May 8 (ex-dividend date also listed as May 8), implying an annualized yield of 4.8%.
• The company reported a strong quarter, beating EPS estimates with $2.38 per share versus a $1.11 consensus and revenue of $2.91 billion, with quarterly revenue up 18.3% year-over-year.
• Shares traded around $64.13 (market cap ≈ $31.0B, P/E 12.4); however, dividend growth has been minimal, averaging roughly 0.1% annually over the past three years.

Cheniere Energy Partners, L.P. (NYSE:CQP - Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 8th will be given a dividend of 0.775 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, May 8th.

Cheniere Energy Partners has increased its dividend payment by an average of 0.1%annually over the last three years.

Cheniere Energy Partners Price Performance

Shares of NYSE:CQP traded up $1.40 during mid-day trading on Tuesday, reaching $64.13. The stock had a trading volume of 67,572 shares, compared to its average volume of 112,165. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 34.21. The company has a market cap of $31.04 billion, a P/E ratio of 12.40 and a beta of 0.37. Cheniere Energy Partners has a 1 year low of $49.53 and a 1 year high of $70.64. The business's 50 day moving average price is $63.31 and its 200 day moving average price is $57.39.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $1.27. The company had revenue of $2.91 billion for the quarter. Cheniere Energy Partners had a negative return on equity of 1,446.48% and a net margin of 27.76%.Cheniere Energy Partners's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Research analysts expect that Cheniere Energy Partners will post 4.13 EPS for the current fiscal year.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P. NYSE: CQP is a publicly traded master limited partnership that owns and operates liquefied natural gas (LNG) infrastructure in the United States. The partnership's business centers on the development, ownership and operation of LNG facilities and associated pipeline assets that enable the liquefaction, storage and delivery of natural gas for export and domestic use. CQP's assets are focused on large-scale midstream energy infrastructure intended to serve global natural gas markets.

The company's core activities include LNG liquefaction and storage, terminal services, and pipeline transportation.

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