National Fuel Increases Dividend Rate for 51st Consecutive Year

Rhea-AI Summary

National Fuel Gas Company (NYSE:NFG) announced a 2.2% increase in its quarterly dividend, raising it from 44.5 cents to 45.5 cents per share, resulting in an annual rate of $1.82. This reflects the company's commitment, having paid dividends for 119 consecutive years and increased its annual dividend for 51 straight years. The dividend is payable on July 15, 2021, to shareholders of record by June 30, 2021.

Positive

• 2.2% increase in quarterly dividend to 45.5 cents per share.
• Company has a strong history of dividends, paying for 119 consecutive years and increasing for 51 years.
• Annual dividend rate rises to $1.82 per share.

Negative

• None.

WILLIAMSVILLE, N.Y., June 17, 2021 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) Board of Directors approved a 2.2% increase in the dividend on the Company’s common stock, raising the quarterly rate from 44.5 cents per share as approved in June 2020 to 45.5 cents per share for an annual rate of $1.82 per share. National Fuel has paid dividends for 119 consecutive years and has increased its annual dividend for 51 straight years.

This dividend is payable July 15, 2021, to shareholders of record at the close of business on June 30, 2021. The Company has approximately 91.2 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 & Production, Pipeline & Storage, Gathering, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

FAQ

What is the new dividend amount for NFG?

The new dividend amount for National Fuel Gas Company (NFG) is 45.5 cents per share.

When will the NFG dividend be paid?

The NFG dividend will be paid on July 15, 2021.

What is the record date for the NFG dividend?

The record date for the NFG dividend is June 30, 2021.

How long has National Fuel Gas Company been paying dividends?

National Fuel Gas Company has paid dividends for 119 consecutive years.

How many consecutive years has NFG increased its dividend?

NFG has increased its dividend for 51 consecutive years.