Excelerate Energy, Inc. (EE) To Go Ex-Dividend on May 20th

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Wednesday, May 20th will be paid a dividend of 0.08 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th.

Excelerate Energy has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.3%.

Excelerate Energy Price Performance

NYSE:EE opened at $34.49 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.43 and a quick ratio of 2.43. The company has a 50 day moving average price of $35.36 and a 200-day moving average price of $32.02. Excelerate Energy has a 1-year low of $21.28 and a 1-year high of $43.17. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Excelerate Energy had a net margin of 3.19% and a return on equity of 4.12%. The firm had revenue of $317.57 million for the quarter, compared to analyst estimates of $293.49 million. During the same quarter in the prior year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Excelerate Energy will post 1.66 EPS for the current year.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.