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

National Fuel Gas Company (NYSE:NFG) announced a quarterly dividend on Thursday, September 17th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.555 per share by the oil and gas producer on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.7%. 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 annually for the last 55 consecutive 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 $7.64 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 29.1%.

National Fuel Gas Trading Up 1.1%

National Fuel Gas stock opened at $80.80 on Friday. National Fuel Gas has a one year low of $75.17 and a one year high of $97.06. The company’s fifty day moving average price is $81.95 and its two-hundred day moving average price is $83.96. 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 has a market capitalization of $7.68 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.78 and a beta of 0.37.

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

About National Fuel Gas

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.