Piedmont Natural Gas Co. (PNY) Plans Quarterly Dividend of $0.32
Piedmont Natural Gas (NYSE:PNY) announced a quarterly dividend on Friday, June 6th, Analyst Ratings News reports. Shareholders of record on Tuesday, June 24th will be paid a dividend of 0.32 per share on Tuesday, July 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.53%.
On a related note, analysts at Ned Davis Research upgraded shares of Piedmont Natural Gas from a “sell” rating to a “neutral” rating in a research note on Monday, March 10th.
Shares of Piedmont Natural Gas (NYSE:PNY) traded up 0.75% on Friday, hitting $36.50. 49,270 shares of the company’s stock traded hands. Piedmont Natural Gas has a one year low of $31.56 and a one year high of $36.55. The stock’s 50-day moving average is $35.33 and its 200-day moving average is $33.99. The company has a market cap of $2.845 billion and a P/E ratio of 19.02.
Piedmont Natural Gas (NYSE:PNY) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.05. The company had revenue of $462.25 million for the quarter, compared to the consensus estimate of $427.95 million. During the same quarter last year, the company posted $0.74 earnings per share. Piedmont Natural Gas’s revenue was up 15.7% compared to the same quarter last year. Analysts expect that Piedmont Natural Gas will post $1.86 EPS for the current fiscal year.
Piedmont Natural Gas Company, Inc (NYSE:PNY) is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including 51,600 customers served by municipalities who are the Company’s wholesale customers.
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