eqt corp reinstated dividend payouts and authorized up to 1 billion of share repurchases the company said monday adding that it had updated its longterm leverage target a dividend of 50 cents a share 125 cents a share on a quarterly basis will be paid starting in the first quarter eqt said the share repurchase authority equivalent to about 13 of eqts current market capitalization is effective immediately and valid through dec 31 2023 the company said with a premier asset base projected to generate approximately 56 billion in available cash through 2023 and over 10 billion through 2026 we have ample flexibility to achieve both our debt reduction goals and execute capital return initiatives in any price environment chief executive toby rice said in a statement