National Fuel Gas Company (NFG) to Distribute Quarterly Dividend of $0.56 on July 15th

National Fuel Gas Company (NYSE:NFG) declared a quarterly dividend on Thursday, June 11th. Shareholders 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 yield of 2.8%. 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%per year 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 26.2% 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 $2.22 annual dividend with an expected future payout ratio of 27.9%.

National Fuel Gas Price Performance

NFG stock opened at $78.24 on Friday. The firm has a 50 day moving average of $80.69 and a 200-day moving average of $84.66. National Fuel Gas has a 12-month low of $75.17 and a 12-month high of $97.06. 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 company has a market cap of $7.44 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.72 and a beta of 0.37.

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