Cabot Oil & Gas (COG) will raise its quarterly dividend by 20.0 prcent to $0.06 per share. The next dividend will be paid on February 7, 2018 to all shareholders of record as of the close of business on January 24, 2018.

"Today's decision to increase the Company's dividend for the second consecutive year highlights our commitment to increasing our return of capital to shareholders," commented Dan O. Dinges, Chairman, President and Chief Executive Officer. "We firmly believe that our strong balance sheet and our ability to deliver double-digit growth per debt-adjusted share from our Marcellus Shale asset while generating positive free cash flow will allow us to continue to return capital to shareholders through sustainable dividend growth and opportunistic share repurchases."

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties exclusively in the continental United States. Cabot’s exploration, development and production operations are primarily concentrated in the Marcellus Shale in northeast Pennsylvania. The company is headquartered in Houston, Texas and is a member of the S&P 500 Index.