11:49 AM EDT, 09/30/2024 (MT Newswires) -- New Fortress Energy ( NFE ) said Monday it is delaying its dividend payment until such time it has reached a deal with its noteholders to address its near-term maturities and liquidity requirements.

The company previously declared a dividend of $0.10 per class A common share.

New Fortress said it expects to reach an agreement with the noteholders "in the near future," after which it will reevaluate the dividend payment, including the potential amount and timing.

The company's shares were down 8.2% in recent trading.

Price: 8.97, Change: -0.80, Percent Change: -8.18