Liberty Energy Announces 40% Increase in Quarterly Cash Dividend
17 Oktober 2023 - 10:30PM
Business Wire
Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”)
announced today that its Board of Directors (the “Board”) has
declared a dividend of $0.07 per share of Class A common stock, to
be paid on December 20, 2023 to holders of record as of December 6,
2023. This dividend represents a 40% increase from the prior
quarter.
“Our investment in differential technologies and innovative
businesses build on our competitive advantage and expand our market
opportunities,” commented Chris Wright, Chief Executive Officer.
“We are increasing our quarterly cash dividend by 40% in response
to the significant growth in our per share earnings and cash
generating abilities from our business transformation over the last
three years.”
Future declarations of quarterly cash dividends are subject to
approval by the Board of Directors and to the Board’s continuing
determination that the declarations of dividends are in the best
interests of Liberty and its stockholders. Future dividends may be
adjusted at the Board’s discretion based on market conditions and
capital availability.
About Liberty
Liberty is a leading North American energy services firm that
offers one of the most innovative suites of completion services and
technologies to onshore oil and natural gas exploration and
production companies. Liberty was founded in 2011 with a relentless
focus on developing and delivering next generation technology for
the sustainable development of unconventional energy resources in
partnership with our customers. Liberty is headquartered in Denver,
Colorado. For more information about Liberty, please contact
Investor Relations at IR@libertyenergy.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231017998237/en/
Michael Stock Chief Financial Officer
Anjali Voria, CFA Strategic Finance & Investor Relations
Lead
303-515-2851 IR@libertyenergy.com
Liberty Energy (NYSE:LBRT)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Liberty Energy (NYSE:LBRT)
Historical Stock Chart
Von Mai 2023 bis Mai 2024