National Fuel Gas Company Boosts Dividend Amid Steady Growth
National Fuel Gas Company Declares Dividend Increase
Today, National Fuel Gas Company (NYSE: NFG) announced an exciting update that reflects its commitment to delivering consistent returns to shareholders. The Board of Directors approved a 3.9% increase in the quarterly dividend on its common stock, raising the rate from 51.5 cents per share to 53.5 cents per share. This adjustment translates to an annual dividend of $2.14 per share, highlighting National Fuel's dedication to fostering shareholder value.
Consistent Dividend Payments for Over a Century
National Fuel has an impressive history of dividend payments, having paid dividends for 123 consecutive years. This remarkable achievement showcases the Company’s stability and resilience in the energy market. Moreover, the increase in dividend marks the 55th consecutive year of annual dividend growth, which is a testament to the company’s robust financial performance and strategic planning.
Key Details of the Dividend Announcement
The newly declared dividend is set to be payable on July 15 to stockholders recorded as of the close of business on June 30. With around 90.4 million shares of common stock outstanding, National Fuel aims to return value to its loyal investors who have supported the Company through its varied business phases. The Company is structured without any preferred stock outstanding, which emphasizes its focus on common stockholder interests.
About National Fuel Gas Company
Based in Western New York, National Fuel is a diversified energy company. The Company operates an integrated collection of natural gas assets across four main segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. This diversified approach enables National Fuel to leverage different market opportunities and respond effectively to changing energy demands. The Company’s strategic operations position it well for future growth and stability.
Frequently Asked Questions
What is the new dividend rate for National Fuel Gas Company?
The new dividend rate is 53.5 cents per share, reflecting a 3.9% increase.
How long has National Fuel paid dividends?
National Fuel has paid dividends for 123 consecutive years, demonstrating its long-standing commitment to returning value to shareholders.
When will the new dividend be paid?
The new dividend will be paid on July 15 to stockholders of record by the close of business on June 30.
How many shares of common stock does National Fuel have outstanding?
National Fuel has approximately 90.4 million shares of common stock outstanding.
What segments does National Fuel operate in?
National Fuel operates across four segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
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