Venture Global, Inc. (NYSE:VG) Declares Dividend Increase - $0.02 Per Share

Key Points

• Venture Global, Inc. declared a half-year dividend of $0.02, with shareholders of record set to receive the payout on September 30th.
• Despite the dividend announcement, VG stock saw a drop of 1.8%, opening at $13.32 on the day of the announcement.
• Analysts have mixed ratings for Venture Global, with a consensus price target of $17.00 and nine analysts recommending a "buy" rating.

Venture Global, Inc. (NYSE:VG - Get Free Report) declared a half year 25 dividend on Wednesday, September 10th, RTT News reports. Shareholders of record on Friday, September 19th will be given a dividend of 0.017 per share on Tuesday, September 30th. This represents a yield of 50.0%. The ex-dividend date of this dividend is Friday, September 19th. This is a 3.0% increase from Venture Global's previous half year 25 dividend of $0.02.

Venture Global Stock Performance

Venture Global stock traded up $0.16 on Monday, reaching $13.76. The company's stock had a trading volume of 2,755,570 shares, compared to its average volume of 7,082,436. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.39 and a quick ratio of 1.33. The business's fifty day moving average price is $14.19 and its 200 day moving average price is $12.52. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.