National Fuel Maintains Strong Dividend Record Amid Shifting Energy Markets
National Fuel Gas Company (NYSE:NFG) has declared a quarterly dividend of $0.555 per share, translating to an annualized rate of $2.22 and yielding approximately 2.7% at the current stock price of around $80.92. The company continues its long-standing tradition by paying dividends for 124 consecutive years with 56 straight years of increases. The dividend is supported by strong cash generation, including $1.035 billion in operating cash flow and $280 million in free cash flow through the first nine months of fiscal 2026. The payout appears manageable relative to earnings guidance for adjusted EPS between $7.40 and $7.60 per share. Despite this, National Fuel's dividend is not entirely insulated from natural gas price fluctuations due to its upstream operations. Recent results showed a decline in GAAP earnings year-over-year, with the company also reducing fiscal 2026 adjusted EPS guidance.
Tickers: $NFG
Topics: cash flow dividends earnings coverage