Liberty Energy Boosts Dividend to $0.08: A Win for Shareholders

Liberty Energy (NYSE:LBRT) has announced a 14% increase in its quarterly cash dividend, raising it to $0.08 per share. This increase, effective for the fourth quarter of 2024, is a testament to the company's strong financial performance and commitment to returning capital to shareholders. The dividend will be paid on December 15, 2024, to shareholders of record as of December 1, 2024.



Liberty Energy's dividend increase is a reflection of its robust financial health and confidence in its future prospects. The company reported full-year 2024 revenue of $4.3 billion, net income of $316 million, and Adjusted EBITDA of $922 million. These strong financial results, coupled with a 17% Adjusted Pre-Tax Return on Capital Employed (ROCE) and a 21% Cash Return on Invested Capital (CROCI), demonstrate the company's ability to generate significant cash flows and distribute capital to shareholders.



The dividend increase also highlights Liberty Energy's commitment to long-term value creation. By raising the dividend, the company is providing a higher income stream to shareholders, which can be reinvested or used for other purposes. This increase, along with the company's history of dividend growth, can attract long-term investors who value consistent income and capital appreciation.

In conclusion, Liberty Energy's dividend increase to $0.08 per share is a win for shareholders, reflecting the company's strong financial performance and commitment to returning capital. The increase is a strategic move that aligns with the company's long-term financial strategy and commitment to shareholder value. As Liberty Energy continues to generate strong cash flows and execute on its growth initiatives, investors can expect the company to maintain its dividend growth trajectory.