National Fuel Gas Company (NYSE:NFG) Declares Quarterly Dividend of $0.56

National Fuel Gas Company (NYSE:NFG) announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.555 per share by the oil and gas producer on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend 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 increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 55 years. National Fuel Gas has a payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.3%

NFG opened at $76.87 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $7.31 billion, a PE ratio of 10.40, a PEG ratio of 1.70 and a beta of 0.37. National Fuel Gas has a 1-year low of $75.85 and a 1-year high of $97.06. The firm has a 50-day moving average price of $84.38 and a two-hundred day moving average price of $85.07.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.14). The company had revenue of $858.37 million during the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 EPS. As a group, equities analysts anticipate that National Fuel Gas will post 7.58 earnings per share for the current fiscal 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.