National Fuel Gas Co. (NYSE:NFG) announced a quarterly dividend on Thursday, March 8th, RTT News reports. Shareholders of record on Thursday, March 29th will be given a dividend of 0.415 per share by the oil and gas producer on Friday, April 13th. This represents a $1.66 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, March 28th.

National Fuel Gas has increased its dividend payment by an average of 2.6% annually over the last three years and has increased its dividend every year for the last 47 years. National Fuel Gas has a payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Fuel Gas to earn $3.66 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 45.4%.

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Shares of National Fuel Gas (NYSE:NFG) opened at $50.38 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 1.12. National Fuel Gas has a 12 month low of $48.31 and a 12 month high of $61.24. The firm has a market cap of $4,349.29, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 4.93 and a beta of 0.96.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.21. National Fuel Gas had a net margin of 24.93% and a return on equity of 16.36%. The firm had revenue of $419.66 million during the quarter, compared to analyst estimates of $453.61 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. equities research analysts forecast that National Fuel Gas will post 3.32 EPS for the current year.

Several brokerages have recently issued reports on NFG. Jefferies Group reissued a “hold” rating and set a $58.00 price target on shares of National Fuel Gas in a report on Wednesday, December 20th. Zacks Investment Research raised shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Thursday, February 8th. Scotiabank set a $61.00 price target on shares of National Fuel Gas and gave the company a “hold” rating in a report on Saturday, November 25th. Citigroup reissued a “neutral” rating and set a $54.00 price target on shares of National Fuel Gas in a report on Wednesday, March 7th. Finally, Sidoti raised shares of National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $59.60.

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National Fuel Gas Company Profile

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

Dividend History for National Fuel Gas (NYSE:NFG)

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