National Fuel Gas (NFG) will raise its quarterly dividend by 2.4 percent to $0.435 per share in 2019. With the increase announced today, 2019 is expected to be the 49th consecutive year in which National Fuel has increased its annual dividend.

The next dividend is payable July 15, 2019, to shareholders of record at the close of business on June 28, 2019. A new annual rate of $1.74 per share yields 3.2% at a stock price of $53.89.

National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across five business segments: Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing.