Venture Global, Inc. (NYSE:VG) Plans Dividend Increase – $0.04 Per Share

Venture Global, Inc. (NYSE:VG) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.04 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th. This is a 122.2% increase from Venture Global’s previous quarterly dividend of $0.02.

Venture Global Stock Up 1.9%

VG opened at $15.79 on Friday. Venture Global has a fifty-two week low of $5.72 and a fifty-two week high of $17.62. The firm has a market capitalization of $39.47 billion, a P/E ratio of 12.43, a PEG ratio of 0.64 and a beta of 0.26. The company’s 50-day moving average is $13.76 and its 200 day moving average is $13.09. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.19 and a quick ratio of 1.11.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.58 billion during the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. Research analysts expect that Venture Global will post 1.68 earnings per share for the current fiscal year.

Venture Global Company Profile

Venture Global, Inc is a liquefied natural gas (LNG) company that develops, constructs and operates LNG export facilities in the United States. The company sources natural gas from domestic markets, liquefies it at its coastal facilities and supplies LNG to customers in international markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast. Its Calcasieu Pass LNG facility in Louisiana has entered commercial operations, while its Plaquemines LNG project in Louisiana is being developed and brought into service.