National Fuel Gas Company (NYSE:NFG) to Issue Dividend Increase – $0.56 Per Share

National Fuel Gas Company (NYSE:NFG) announced a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.555 per share by the oil and gas producer on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 30th. This is a 3.7% increase from National Fuel Gas’s previous quarterly dividend of $0.54.

National Fuel Gas has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 55 years. National Fuel Gas has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Fuel Gas to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 26.9%.

National Fuel Gas Stock Down 0.3%

Shares of NYSE NFG opened at $76.87 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.70 and a beta of 0.37. The stock has a 50 day moving average price of $84.38 and a 200 day moving average price of $85.07. National Fuel Gas has a 52-week low of $75.85 and a 52-week high of $97.06.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The firm had revenue of $858.37 million during the quarter, compared to analysts’ expectations of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.39 EPS. Sell-side analysts expect that National Fuel Gas will post 7.58 earnings per share for the current year.

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.