National Fuel Increases Dividend Rate for 50th Consecutive Year
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.
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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.
Details
News Market Reaction – NFG
The recorded move for NFG in the trading session of this news was -5.30%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
| Analyst Contact: | Kenneth E. Webster | 716-857-7067 |
| Media Contact: | Karen L. Merkel | 716-857-7654 |
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