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

National Fuel Gas Company (NYSE:NFG) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.555 per share by the oil and gas producer on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 30th.

National Fuel Gas has raised its dividend 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 payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Fuel Gas to earn $7.65 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 29.0%.

National Fuel Gas Price Performance

Shares of NFG opened at $79.90 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.20 and a quick ratio of 3.07. The company’s fifty day moving average price is $81.92 and its 200-day moving average price is $83.98. National Fuel Gas has a 1-year low of $75.17 and a 1-year high of $97.06. The firm has a market capitalization of $7.59 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.79 and a beta of 0.37.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. The company had revenue of $537.50 million during the quarter, compared to analysts’ expectations of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.64 EPS. On average, equities research analysts predict that National Fuel Gas will post 7.49 EPS for the current year.

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE:NFG) is a diversified energy company with operations spanning natural gas exploration and production, pipeline transportation and storage, and utility distribution. Through its subsidiaries, the company develops, produces, gathers, stores and transports natural gas, primarily serving markets in the northeastern United States.

National Fuel’s exploration and production business is operated through Seneca Resources Company, which focuses on developing natural gas reserves in the Appalachian region, including the Marcellus and Utica shale formations.