LNG Is Fueling Explosive Growth for This Dividend Stock
Cheniere Energy (NYSEMKT: LNG) sees a bright future for its investors. The liquefied natural gas (LNG) producer recently unveiled its "20/20 vision" for returning capital to shareholders, fueled by the explosive growth it sees ahead for its LNG operations. A key aspect of that vision is a fast-growing dividend.
Here's a look at what investors can expect from the LNG stock over the next few years.
Cheniere Energy recently approved a revised comprehensive capital return plan, building upon the strategy it outlined late last year. The foundation is its 20/20 vision to generate more than $20 billion of available cash through 2026 and a run rate of over $20 per share of distributable cash flow. That's an increase from last year's outlook of producing $10 billion of cumulative distributable cash flow through 2024 and a run rate of $15-$17 per share of distributable cash flow on a long-term basis.
Source Fool.com
