National Fuel Increases Dividend Rate for 54th Consecutive Year
National Fuel Gas Company (NYSE: NFG) announced a 4.0% increase in its common stock dividend rate, raising the quarterly dividend from 49.5 cents to 51.5 cents per share.
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Rhea-AI Summary
National Fuel Gas Company (NYSE: NFG) announced a 4.0% increase in its common stock dividend rate, raising the quarterly dividend from 49.5 cents to 51.5 cents per share. This brings the annual dividend to $2.06 per share. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024. This marks the 54th consecutive year of dividend increases and the 122nd consecutive year of dividend payments. National Fuel Gas Company operates in four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility, with 91.8 million shares of common stock outstanding.
Positive
- 4.0% increase in the dividend rate.
- Quarterly dividend raised from 49.5 cents to 51.5 cents per share.
- Annual dividend now $2.06 per share.
- 54 consecutive years of dividend increase.
- 122 consecutive years of dividend payments.
- Company has 91.8 million shares of common stock outstanding.
Negative
- None.
Details
News Market Reaction – NFG
The recorded move for NFG in the trading session of this news was -0.67%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WILLIAMSVILLE, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE: NFG) Board of Directors approved a
National Fuel has paid dividends for 122 consecutive years and has increased its annual dividend for 54 straight years.
This dividend is payable July 15, 2024, to stockholders of record at the close of business on June 28, 2024. The Company has approximately 91.8 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 assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.
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