National Fuel Gas (NFG) today, on June 15, 2022, announced a dividend hike of 4.4% to 47.5 cents quarterly per share. This dividend is payable July 15, 2022, to stockholders of record at the close of business on June 30, 2022. NFG has approximately 91.5 million shares of common stock outstanding. It has no preferred stock outstanding.
The company has paid dividends for 120 consecutive years and has increased its annual dividend for 52 straight years. The quarterly dividend rate of 45.5 cents per share, as approved in June 2021, is being increased to 47.5 cents per share for an annual rate of $1.90 per share, which is an increase of 4.4%.
A new annual rate of $1.90 per share for NFG yields 2.8% at a stock price of $68.64.
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.