National Fuel Gas increases dividend for 50th straight year

National Fuel Gas Company (NFG) will raise its quarterly dividend by 2.3 percent to $0.445 per share in 2020, marking the 50th consecutive year of dividend increases by the diversified energy company headquartered in Western New York.

Not many companies have raised their dividend for fifty consecutive years or more.

Actually, according to our research, there are less than thirty stocks with a record of at least 50 years of dividend increases.

From now on, National Fuel will be one of those stocks following the 2.3 percent dividend hike that was announced last week. National Fuel will raise its quarterly dividend to $0.415 per share.

The next dividend is payable July 15, 2020, to shareholders of record at the close of business on June 30, 2020. The Company has approximately 90.9 million shares of common stock outstanding. It has no preferred stock outstanding. National Fuel has paid dividends for 118 consecutive years and has increased its annual dividend for 50 straight years.



At a stock price of $40.76 the dividend yield for NFG is 4.3 percent. The company hiked its dividend by 2.4 percent last year. The current market cap for National Fuel is $3.8 billion.

National Fuel Gas Company 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. The Company's National Fuel Gas Supply Corporation (Supply Corporation), a Pennsylvania corporation, and Empire Pipeline, Inc. (Empire), a New York corporation, carry out the Company's Pipeline and Storage segment operations.