Cheniere Energy Partners (NYSE:CQP) Increases Dividend to $0.78 Per Share

Cheniere Energy Partners (NYSE:CQP) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.775 per share on Friday, February 14th. This represents a $3.10 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Monday, February 10th. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.04.

Cheniere Energy Partners Stock Down 1.1 %

Shares of CQP stock opened at $61.97 on Friday. The stock has a market cap of $30.00 billion, a P/E ratio of 13.39 and a beta of 0.76. Cheniere Energy Partners has a one year low of $45.51 and a one year high of $66.47. The company’s 50-day moving average price is $57.87.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CQP shares. Bank of America started coverage on shares of Cheniere Energy Partners in a research report on Thursday, October 17th. They set an “underperform” rating and a $46.00 price target for the company. Wells Fargo & Company lifted their target price on Cheniere Energy Partners from $49.00 to $55.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th. Finally, Barclays upped their price target on Cheniere Energy Partners from $46.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, January 16th.

About Cheniere Energy Partners

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.