National Fuel Gas approves quarterly dividend, elects board

WILLIAMSVILLE, N.Y. - National Fuel Gas Company (NYSE:NFG) announced the approval of a regular quarterly dividend and the election of its board of directors at its Annual Meeting of Stockholders held today. The company declared a dividend of 51.5 cents per share on its common stock, to be paid on April 15, 2025, to shareholders on record as of March 31, 2025. This continues the company’s impressive 54-year streak of consecutive dividend increases, with the current yield standing at 2.8%. According to InvestingPro, this is just one of 12 key insights available about NFG’s financial health and market position.

With around 90.4 million shares of common stock outstanding and no preferred stock, the payment represents a continuation of the company’s commitment to shareholder returns. During the meeting, stockholders voted in favor of three management proposals. These included the election of David H. Anderson, David P. Bauer, Barbara M. Bauman, David C. Carroll, Steven C. Finch, Joseph N. Jaggers, Rebecca Ranich, Jeffrey W. Shaw, Thomas E. Skains, David F. Smith, and Ronald J. Tanski as directors. Each director will serve a one-year term expiring in 2026.

Additionally, the advisory vote on named executive officer compensation and the ratification of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm were approved.

National Fuel is a diversified energy company based in Western New York. It operates an integrated collection of natural gas assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. This announcement underscores the company’s ongoing operations and shareholder-focused initiatives.

The information provided is based on a press release statement issued by National Fuel Gas Company.

In other recent news, National Fuel Gas Company reported its Q1 fiscal 2025 earnings, showcasing an earnings per share (EPS) of $1.66, which surpassed analyst expectations of $1.51. However, the company’s revenue was $549.48 million, falling short of the projected $616.87 million. Despite the revenue miss, the company raised its fiscal 2025 earnings guidance by 17%, indicating a positive outlook for the year. Additionally, National Fuel Gas announced the issuance of $1 billion in notes, split between notes due in 2030 and 2035, as part of its strategy to secure long-term financing. The company also plans to redeem $950 million in notes earlier than their scheduled maturity dates, which suggests efforts to manage its debt load strategically. These financial maneuvers reflect National Fuel Gas’s ongoing attempts to optimize its capital structure and support potential expansion initiatives. The company has not disclosed specific plans for the proceeds from the new notes issuance. Investors will likely watch for further developments in the company’s financial strategy and market performance.

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