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National Fuel Gas (NYSE: NFG ) 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.