Liberty Energy Announces Increase In Quarterly Cash Dividend From $0.05 To $0.07 Per Share
Portfolio Pulse from Benzinga Newsdesk
Liberty Energy Inc. (NYSE:LBRT) has announced a 40% increase in its quarterly cash dividend from $0.05 to $0.07 per share. The dividend will be paid on December 20, 2023 to holders of record as of December 6, 2023. The increase is in response to significant growth in per share earnings and cash generating abilities from the company's business transformation over the last three years.
October 17, 2023 | 8:36 pm
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Liberty Energy's dividend increase reflects strong earnings and cash generation, which could make the stock more attractive to income-focused investors.
Dividend increases are often seen as a sign of a company's financial health and confidence in its future earnings. This could make Liberty Energy's stock more attractive to investors, particularly those focused on income. The increase could therefore potentially lead to a rise in the stock's price in the short term.
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