National Fuel Increases Dividend Rate for 52nd Consecutive Year
Rhea-AI Summary
The National Fuel Gas Company (NFG) has announced a 4.4% increase in its quarterly dividend, raising it from 45.5 cents to 47.5 cents per share. This adjustment marks the 52nd consecutive year of annual dividend increases, underscoring the company's commitment to returning value to shareholders. The new annual dividend rate is $1.90 per share, with payment scheduled for July 15, 2022, to stockholders on record by June 30, 2022. National Fuel has consistently paid dividends for 120 years.
Positive
- 4.4% increase in quarterly dividend to 47.5 cents per share.
- 52 consecutive years of annual dividend increases.
- Dividend reflects company commitment to shareholder value.
Negative
- None.
News Market Reaction – NFG
In the trading session that priced this news, NFG gained 1.16%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WILLIAMSVILLE, N.Y., June 15, 2022 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE: NFG) Board of Directors approved an increase in the dividend on the Company’s common stock, continuing its long-history of growing dividend payments. The Company has paid dividends for 120 consecutive years and has increased its annual dividend for 52 straight years. The quarterly dividend rate of 45.5 cents per share, as approved in June 2021, is being increased to 47.5 cents per share for an annual rate of
This dividend is payable July 15, 2022, to stockholders of record at the close of business on June 30, 2022. The Company has approximately 91.5 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.
