Cabot Oil & Gas Corp (COG) will raise its quarterly dividend by another 11.1 percent to $0.10 per share. This brings the total dividend increase in 2019 to 42.9 percent.

Last year the natural gas producer already hiked its dividend by 40.0 percent.

The next dividend will be paid on November 15, 2019 to all shareholders of record as of the close of business on November 6, 2019. The new annual rate of 40 cents yields 2.1% at a stock price of $18.81.

"We remain committed to increasing our return of capital to shareholders through the combination of a growing dividend and opportunistic share repurchases," highlighted Dinges. "Our outlook for the continued generation of significant free cash flow over the coming years, even at natural gas prices that are materially below the current forward curve, will allow Cabot to remain a sector leader in returning capital to shareholders."

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. The company’s focused operations are centered around developing its natural gas resources in Pennsylvania. Cabot Oil & Gas Corporation is headquartered in Houston, Texas.