National Fuel Gas (NFG) will raise its quarterly dividend by 2.2 percent to $0.455 per share in 2021. This follows a dividend hike of 2.3 percent to $0.445 per share in 2020 and will mark the 51st consecutive year in which National Fuel has increased its annual dividend.
The next dividend is payable July 15, 2021, to shareholders of record at the close of business on June 30, 2021. A new annual rate of $1.82 per share yields 3.5% at a stock price of $51.47. National Fuel has paid dividends for 119 consecutive years and has increased its annual dividend for 51 straight years.
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 and Production, Pipeline and Storage, Gathering and Utility. The company also develops and produces oil reserves, primarily in California. National Fuel Gas has paid a dividend every year since 1902.