Cheniere Energy Partners, L.P. (NYSE:CQP) Stock to Pay Quarterly Dividend of $0.12

Key Points

• Cheniere Energy Partners declared a quarterly dividend of $0.115 per share, payable November 13 to shareholders of record November 3. The dividend implies $0.46 in annualized payments and a 0.7% yield, but is down 85.2% from the prior $0.775 distribution.
• CQP shares rose 2.4% to $65.78 during Friday trading, with the stock valued at a $31.84 billion market capitalization and trading between a 52-week range of $49.76 to $71.25.
• The partnership reported quarterly EPS of $2.14, beating analyst expectations of $1.01, while revenue reached $2.58 billion—up 5.2% year over year.

Cheniere Energy Partners, L.P. (NYSE:CQP - Get Free Report) announced a quarterly dividend on Friday, October 23rd. Investors of record on Tuesday, November 3rd will be paid a dividend of $0.1150 per share on Friday, November 13th. This represents a $0.46 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a 85.2% decrease from Cheniere Energy Partners's previous quarterly dividend of $0.7750.

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

Cheniere Energy Partners Stock Up 2.4%

Cheniere Energy Partners stock traded up $1.56 during trading on Friday, hitting $65.78. 62,819 shares of the company were exchanged, compared to its average volume of 115,398. The company has a market capitalization of $31.84 billion, a P/E ratio of 11.94 and a beta of 0.34. The business's 50 day moving average is $65.89 and its 200 day moving average is $64.18. Cheniere Energy Partners has a 52 week low of $49.76 and a 52 week high of $71.25. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 19.01.

Cheniere Energy Partners (NYSE:CQP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.01 by $1.13. The business had revenue of $2.58 billion for the quarter. Cheniere Energy Partners had a return on equity of 1,121.60% and a net margin of 27.31%. Cheniere Energy Partners's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. Analysts predict that Cheniere Energy Partners will post 4.43 earnings per share for the current year.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P. NYSE: CQP is a publicly traded master limited partnership focused on the development, ownership and operation of liquefied natural gas (LNG) infrastructure. The partnership is sponsored by Cheniere Energy, Inc, a leading U.S. LNG company, through its ownership of Cheniere Energy Partners GP, LLC.

CQP's principal assets include the Sabine Pass LNG facility in Cameron Parish, Louisiana, and interests associated with the Corpus Christi LNG facility in Texas.

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