National Fuel Gas is hewing tightly to tradition with its upcoming shareholder payout. The company has declared a bump in its quarterly dividend, to $0.375 per share. This will be dispensed on July 15 to shareholders of record as of June 28. That amount is 2.7% higher than the firm's previous four distributions of $0.365 apiece, the most recent of which was paid in April. Prior to that, National Fuel Gas handed out $0.355 per share.
The upcoming boost marks the 43rd year in a row that the company has lifted its payout. It has disbursed dividends for 111 consecutive years.
The new distribution annualizes to $1.50 per share. That yields 2.5% at National Fuel Gas' most recent closing stock price of $61.14.
The article National Fuel Gas Continues Dividend Hike Streak originally appeared on Fool.com.Fool contributor Eric Volkman has no position in National Fuel Gas. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.