Cheniere Energy boosts stock buyback by $4B, raise quarterly dividend about 15%

Cheniere Energy announced that its Board of Directors has approved an increase in its share repurchase authorization by an additional $4B through 2027, and a plan to increase its quarterly dividend by approximately 15% to $2.00 per common share annualized, commencing with the third quarter 2024. “These increases reflect the continued follow through with our ’20/20 Vision’ capital allocation plan, which is enabled by Cheniere’s outstanding financial performance, as well as our steadfast commitment to safety and operational excellence throughout our business. The new repurchase authorization will enable us to further reduce share count, and the increased dividend will enhance capital returns while retaining significant financial flexibility to fund accretive growth,” said Zach Davis, Cheniere’s Executive Vice President and Chief Financial Officer. “This announcement solidifies our line of sight towards the goals of the capital allocation plan to maximize shareholder value by deploying over $20 billion of available cash towards accretive growth, capital returns, and a sustainable investment grade balance sheet, in order to generate over $20 per share in run-rate distributable cash flow for shareholders.”