National Fuel Announces Dividend and Annual Meeting Outcomes
National Fuel Gas Company Declares Quarterly Dividend
The Board of Directors at National Fuel Gas Company (NYSE: NFG) has made an exciting announcement regarding its quarterly dividend. The company has approved a regular payment of 51.5 cents per share on its common stock. This dividend will be distributed to stockholders who are on record by the end of business on the set date. The payment date for this dividend is scheduled for April 15.
Understanding the Share Structure of National Fuel
Currently, National Fuel has approximately 90.4 million shares of common stock in circulation. It's worth noting that the company does not have any preferred stock outstanding, which can be an important factor for investors looking into the company’s equity structure.
Annual Meeting Highlights: Stockholder Voting Results
At the recent Annual Meeting of Stockholders, which was held on the same day as the dividend announcement, preliminary results from the voting were shared. Stockholders had the opportunity to vote on three significant management proposals, all of which passed successfully. Amongst these was the election of several directors for a term of one year. The elected individuals include David H. Anderson, David P. Bauer, Barbara M. Bauman, and more, all of whom will serve until 2026.
Compensation and Audit Firm Ratification
In addition to the elections, stockholders voted on an advisory measure regarding the compensation of named executive officers. This advisory measure was also approved. Furthermore, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the company was ratified, showcasing the board's commitment to maintaining high standards in transparency and accountability.
The Business Segments of National Fuel
National Fuel Gas Company engages in various sectors of the energy industry, particularly focusing on natural gas. This diversified energy company is primarily based in Western New York and operates across four main segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. This multi-faceted approach allows the company to manage risk effectively while also positioning itself strategically within the energy market.
Looking Ahead: Future Prospects
With all these advancements and favorable outcomes from the stockholders' meeting, National Fuel is set to strengthen its foothold in the energy sector. The diligently structured business segments not only enhance the operational efficiency but also cater to the growing demand for energy. As the energy landscape evolves, companies like National Fuel are poised to adapt and thrive under changing market conditions.
Frequently Asked Questions
What is the amount of the declared dividend by National Fuel?
National Fuel has declared a quarterly dividend of 51.5 cents per share on its common stock.
When will the dividend be paid to stockholders?
The dividend is scheduled to be paid on April 15, with record shareholders noted by March 31.
Who were elected as directors in the recent stockholder meeting?
Directors elected include David H. Anderson, David P. Bauer, Barbara M. Bauman, among others, all serving until 2026.
Was the advisory vote on executive compensation approved?
Yes, the advisory vote on named executive officer compensation was approved during the meeting.
Which firm was ratified as the independent auditor for National Fuel?
PricewaterhouseCoopers LLP was ratified as the company’s independent registered public accounting firm.
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