National Fuel Increases Dividend Rate for 50th Consecutive Year

Rhea-AI Summary

The National Fuel Gas Company (NFG) has announced a 2.3% increase in its quarterly dividend, now set at 44.5 cents per share, effective from July 15, 2020. This decision marks the 50th consecutive year of dividend increases and continues a tradition of 118 years of uninterrupted dividend payments. Shareholders of record on June 30, 2020, will benefit from this rise, which equates to an annual rate of $1.78 per share. With approximately 90.9 million shares outstanding, NFG remains committed to rewarding its investors.

Positive

• Dividend increase of 2.3% to 44.5 cents per share.
• Annual dividend now $1.78 per share.
• 118 consecutive years of dividend payments.
• 50 straight years of annual dividend increases.

Negative

• None.

WILLIAMSVILLE, N.Y., June 11, 2020 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) Board of Directors approved a 2.3 percent increase in the dividend on the Company’s common stock, raising the quarterly rate from 43.5 cents per share as approved in June 2019 to 44.5 cents per share for an annual rate of $1.78 per share.

National Fuel has paid dividends for 118 consecutive years and has increased its annual dividend for 50 straight years.

This dividend is payable July 15, 2020, to shareholders of record at the close of business on June 30, 2020. The Company has approximately 90.9 million shares of common stock outstanding. It has no preferred stock outstanding.

National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

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20%; width:20%; min-width:20%;">Analyst Contact:	20%; width:20%; min-width:20%;">Kenneth E. Webster	60%; width:60%; min-width:60%;">716-857-7067
Media Contact:	Karen L. Merkel	716-857-7654

 

 

FAQ

What is the new dividend amount for National Fuel Gas Company (NFG)?

The new dividend amount for NFG is 44.5 cents per share.

When will the new dividend be paid by National Fuel Gas Company (NFG)?

The new dividend will be paid on July 15, 2020.

How long has National Fuel Gas Company (NFG) been increasing its dividends?

National Fuel has increased its annual dividend for 50 consecutive years.

What is the annual dividend rate for National Fuel Gas Company (NFG) after the increase?

The annual dividend rate for NFG is now $1.78 per share.

How many consecutive years has National Fuel Gas Company (NFG) paid dividends?

National Fuel has paid dividends for 118 consecutive years.