National Fuel Gas Co. (NYSE:NFG) announced a quarterly dividend on Thursday, December 7th, RTT News reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.415 per share by the oil and gas producer on Friday, January 12th. This represents a $1.66 annualized dividend and a dividend yield of 2.88%.

National Fuel Gas has increased its dividend payment by an average of 12.8% per year over the last three years and has increased its dividend every year for the last 46 years. National Fuel Gas has a dividend payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect National Fuel Gas to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 54.4%.

Shares of National Fuel Gas (NFG) traded down $0.67 during trading on Thursday, hitting $57.57. The stock had a trading volume of 228,300 shares, compared to its average volume of 460,284. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.16 and a current ratio of 1.27. The firm has a market capitalization of $4,930.00, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 9.94 and a beta of 0.94. National Fuel Gas has a twelve month low of $53.03 and a twelve month high of $61.25.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $286.94 million during the quarter, compared to analyst estimates of $325.81 million. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. equities research analysts expect that National Fuel Gas will post 2.93 EPS for the current year.

Several brokerages have recently commented on NFG. Scotiabank set a $61.00 target price on National Fuel Gas and gave the company a “hold” rating in a report on Saturday, November 25th. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Sidoti began coverage on National Fuel Gas in a report on Thursday, October 12th. They set a “neutral” rating and a $65.00 target price for the company. Finally, Jefferies Group reaffirmed a “hold” rating and set a $54.00 target price on shares of National Fuel Gas in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $60.00.

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National Fuel Gas Company Profile

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

Dividend History for National Fuel Gas (NYSE:NFG)

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