Piedmont Natural Gas Company, Inc. (PNY) Declares Quarterly Dividend of $0.32
Piedmont Natural Gas Company (NYSE:PNY) declared a quarterly dividend on Friday, September 5th, American Banking News.com reports. Shareholders of record on Wednesday, September 24th will be given a dividend of 0.32 per share on Wednesday, October 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.46%.
On the ratings front, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Piedmont Natural Gas Company in a research note on Monday, June 9th. They now have a $34.00 price target on the stock, up previously from $33.00.
Shares of Piedmont Natural Gas Company (NYSE:PNY) traded up 0.22% on Friday, hitting $37.06. The stock had a trading volume of 86,996 shares. Piedmont Natural Gas Company has a 52 week low of $31.56 and a 52 week high of $37.86. The stock has a 50-day moving average of $36.03 and a 200-day moving average of $35.59. The company has a market cap of $2.896 billion and a P/E ratio of 18.70.
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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