Venture Global, Inc. (VG) to Issue Quarterly Dividend of $0.02 on March 31st

Venture Global, Inc. (NYSE:VG) declared a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.0165 per share on Monday, March 31st. This represents a $0.07 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, March 10th.

Venture Global Price Performance

Shares of Venture Global stock opened at $9.23 on Friday. Venture Global has a 1 year low of $8.62 and a 1 year high of $25.50.

Venture Global (NYSE:VG) last issued its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. As a group, sell-side analysts anticipate that Venture Global will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

VG has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday. Scotiabank lowered their price objective on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research report on Tuesday, February 4th. They set a “market perform” rating and a $20.00 price objective for the company. Finally, Guggenheim initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $27.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Venture Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.91.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.