Press release
New Fortress Energy Declares Inaugural Common Stock Dividend
NEW YORK--(BUSINESS WIRE)-- New Fortress Energy Inc. (NASDAQ:NFE) (“New Fortress” or the “Company”) announced today that its Board of Directors (the “Board”)
About this update from New Fortress Energy Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew 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.\n\n\n“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.”\n\n\nCommon Stock Dividend\n\n\nThe Board declared a quarterly dividend of $0.10 per Class A Common Share for the third quarter of 2020. The dividend is payable on September 14, 2020, to Class A Common Shareholders of record on September 7, 2020.\n\n\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n\n\nAbout New Fortress Energy Inc.\n\n\nNew Fortress Energy (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.\n\n\nCautionary Language Regarding Forward-Looking Statements\n\n\nThis press release contains forward-looking statements, including but not limited to statements regarding the payment of a dividend in respect of the Company’s Class A Common Shares. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believ...