National Fuel Gas (NYSE:NFG) Announces Quarterly Dividend of $0.52

National Fuel Gas (NYSE:NFG - Get Free Report) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.515 per share by the oil and gas producer on Tuesday, April 15th. This represents a $2.06 dividend on an annualized basis and a yield of 2.78%.

National Fuel Gas has increased its dividend by an average of 4.1% annually over the last three years and has increased its dividend every year for the last 55 years. National Fuel Gas has a dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Fuel Gas to earn $7.79 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 26.4%.

National Fuel Gas Stock Up 0.5 %

National Fuel Gas stock traded up $0.40 during mid-day trading on Thursday, hitting $74.06. 108,970 shares of the company's stock were exchanged, compared to its average volume of 505,307. National Fuel Gas has a 1-year low of $50.44 and a 1-year high of $76.26. The stock has a 50 day moving average of $70.06 and a two-hundred day moving average of $64.12. The stock has a market cap of $6.71 billion, a P/E ratio of -528.00 and a beta of 0.57. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.80.

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National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.22. National Fuel Gas had a positive return on equity of 15.96% and a negative net margin of 0.53%. During the same quarter last year, the business posted $1.46 EPS. As a group, analysts anticipate that National Fuel Gas will post 6.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Argus upgraded shares of National Fuel Gas to a "strong-buy" rating in a research note on Tuesday, November 19th. StockNews.com upgraded shares of National Fuel Gas from a "sell" rating to a "hold" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $69.00.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.

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