Atmos Energy hikes dividend by 8.1%

Atmos Energy Corporation (ATO) will increase its dividend by 8.1 percent to $0.87 quarterly per share in 2024. This will mark the 37th consecutive year of dividend increases by the utility company.

Atmos Energy, the largest natural-gas-only distributor in the United States, will raise its quarterly dividend to 87 cents per share in 2024. The next dividend will be paid to shareholders on December 9, 2024 to shareholders of record on November 25, 2024. The dividend yield for ATO is 2.4% at a stock price of $146.

Atmos has raised its dividend 37 years

Atmos now pays an estimated $540 million in dividends to shareholders annually. The company was added to the Dividend Aristocrats Index a couple of years ago.

Atmos Energy (ATO) is a fully-regulated, natural-gas-only distributor engaged in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The company's 3 segments are: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services. Its nonregulated businesses provide natural gas management, transportation and storage services to local gas distribution companies, including certain of its natural gas distribution divisions and industrial customers in the Midwest and Southeast. It also manages its natural gas pipeline and storage assets, including its intrastate natural gas pipeline systems in Texas. Atmos Energy has paid a dividend to shareholders every year since 1983.