National Fuel Gas Co. Announces Quarterly Dividend of $0.42 (NFG)
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%.
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.
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.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/national-fuel-gas-co-announces-quarterly-dividend-of-0-42-nfg/1959604.html.
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.
Receive News & Ratings for National Fuel Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas and related companies with MarketBeat.com's FREE daily email newsletter.