I have sold much of my NFE and wll continue to follow but did not like the dividend announcement. IMO, not the right time for this decision. The stock has move from $16 to $27.
New Fortress Energy Inc. (NASDAQ:NFE) ("New Fortress" or the "Company") announced today that its Board of Directors (the "Board") has declared a third quarter 2020 common stock dividend of $0.10 per Class A Common Share.
"We are pleased to announce our first common stock dividend," said Wes Edens, Chairman and CEO of New Fortress. "As we stated on our earnings call, one of our strategic goals is to begin paying dividends to our shareholders as our long-term capital structure becomes highly cash flow generative. This dividend is a significant step forward toward our goal to become a world-class investment grade operating company."