LONDON, UK / ACCESSWIRE / June 27, 2018 / Active-Investors has a free review on National Fuel Gas Co. (NYSE: NFG) following the Company's announcement that it will begin trading ex-dividend on June 28, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 27, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on NFG:
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On June 14, 2018, National Fuel Gas' Board of Directors approved a 2.4% increase in the dividend on the Company's common stock, raising the quarterly rate from $0.415 per share as approved in June 2017 to $0.425 per share for an annual rate of $1.70 per share. This dividend is payable July 13, 2018, to shareholders of record at the close of business on June 29, 2018. The Company has approximately 85.9 million shares of common stock outstanding.
National Fuel Gas' indicated dividend represents a yield of 3.23%, which is substantially higher than the average dividend yield of 2.71% for the Utilities sector. National Fuel Gas has paid dividends for 116 consecutive years and has increased its annual dividend for 48 straight years.
National Fuel Gas has a dividend payout ratio of 51.8%, which indicates that the Company spends approximately $0.52 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
As per analysts' estimates, National Fuel Gas is forecasted to report earnings of $3.22 per share for the next year, which is substantially higher than the Company's annualized dividend payout of $1.70 per share.
As of March 31, 2018, National Fuel Gas' cash and temporary cash investments totaled $228.0 million compared to $555.5 million as of September 30, 2017. For the six months ended March 31, 2018, the Company's net cash provided by operating activities was $286.8 million compared to $351.9 million for the year ago same period. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
About National Fuel Gas Co.
National Fuel Gas is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across five business segments: Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing.
National Fuel was founded in 1902 and is based in Williamsville, New York.
Stock Performance Snapshot
June 26, 2018 - At Tuesday's closing bell, National Fuel Gas' stock was slightly up 0.74%, ending the trading session at $52.94.
Volume traded for the day: 345.03 thousand shares.
Stock performance in the last month - up 3.56%; and previous three-month period - up 4.15%
After yesterday's close, National Fuel Gas' market cap was at $4.61 billion.
Price to Earnings (P/E) ratio was at 8.94.
The stock has a dividend yield of 3.21%.
The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry. This sector was up 1.4% at the end of the session.
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