Natural gas provider Piedmont Natural Gas (NYSE:PNY) announced this morning its second quarter dividend of $0.31 per share, the same rate it paid last quarter after raising the pay 3%, from $0.30 per share.

The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on June 24. The NG marketing, storage, and transportation specialist has made quarterly payouts to investors since 2005.

The regular dividend payment equates to a $1.24-per-share annual dividend, yielding 3.7% based on the closing price of Piedmont Natural Gas's stock on June 6.

PNY Dividend Chart

PNY Dividend data by YCharts

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Piedmont Natural Gas Company. 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.