New Fortress Energy Inc. Class A Common Stock
NFENew Fortress Energy Inc. (NFE) is a global energy infrastructure company specializing in the development, construction, and operation of liquefied natural gas (LNG) infrastructure and power generation projects. The company focuses on delivering clean and affordable energy solutions to industrial, utility, and government customers, particularly in emerging markets. Founded to promote sustainable energy access, New Fortress Energy is involved in LNG import terminals, regasification facilities, and on-site power plants aimed at reducing carbon emissions and enhancing energy security.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| June 27, 2024 | $0.10 | 2024-06-14 | 2024-06-15 |
| March 27, 2024 | $0.10 | 2024-03-14 | 2024-03-15 |
| December 27, 2023 | $0.10 | 2023-12-12 | 2023-12-13 |
| September 27, 2023 | $0.10 | 2023-09-12 | 2023-09-13 |
| June 28, 2023 | $0.10 | 2023-06-14 | 2023-06-15 |
Dividends Summary
- Consistent Payer: New Fortress Energy Inc. Class A Common Stock has rewarded shareholders with 17 dividend payments over the past 4 years.
- Total Returned Value: Investors who held NFE shares during this period received a total of $4.60 per share in dividend income.
- Latest Payout: The most recent dividend of $0.10/share was paid 751 days ago, on June 27, 2024.
- Yield & Schedule: NFE currently pays dividends quarterly with an annual yield of 112.14%.
- Dividend Growth: Since 2020, the dividend payout has grown by 0.0%, from $0.10 to $0.10.
- Dividend Reliability: NFE has maintained or increased its dividend for 6 consecutive payments.
Company News
New Fortress Energy (NFE) stock plummeted 20.3% after the company announced a debt restructuring deal with creditors. While the agreement ensures the company's survival, it comes with significant drawbacks: the company will split into two entities with Brazil operations going to creditors, and existing shareholders will be diluted to just 35% own...
New Fortress Energy shares fell 17% following announcement of a restructuring support agreement that will significantly reduce corporate debt from $5.7 billion to $527.5 million. The plan involves separating Brazilian operations into an independent entity, issuing preferred equity and common shares, and diluting existing shareholders to 35% owner...
U.S. stock futures rose on Wednesday with the Dow Jones, S&P 500, and Nasdaq 100 all gaining ahead of the Federal Reserve's interest rate decision and Jerome Powell's press conference. Markets are pricing in a 98.9% likelihood of unchanged rates. Key movers include Lululemon falling on weak guidance, Micron Technology gaining ahead of earnings, N...
New Fortress Energy reached a debt restructuring deal with creditors that slashes its debt from $5.7 billion to $527.5 million, saving the company but at a significant cost. The company will be split into two entities, with creditors taking control of Brazilian operations. Existing shareholders will be diluted to just 35% ownership, with addition...
New Fortress Energy, an LNG company, is in severe financial distress with nearly $9 billion in debt ($6.5 billion due within one year) and negative free cash flow of $1.73 billion over the trailing 12 months. The company is already behind on $500 million in payments and negotiating with creditors to avoid default. While the company has valuable a...
