Excelerate Energy, Inc. (EE) to Issue Quarterly Dividend of $0.08 on March 26th

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Wednesday, March 11th will be paid a dividend of 0.08 per share on Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 11th.

Excelerate Energy has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Excelerate Energy to earn $1.31 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 24.4%.

Excelerate Energy Stock Up 0.4%

Excelerate Energy stock opened at $42.10 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.39 and a quick ratio of 2.39. The company’s 50-day moving average is $33.29 and its 200-day moving average is $28.40. The firm has a market capitalization of $4.80 billion, a PE ratio of 29.24, a P/E/G ratio of 1.34 and a beta of 1.36. Excelerate Energy has a fifty-two week low of $21.28 and a fifty-two week high of $43.03.

Excelerate Energy declared that its board has approved a share repurchase program on Thursday, December 11th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

About Excelerate Energy

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.