NFG dividend – National Fuel Gas Co. Declares 0.475 Cash Dividend

Dividends Yield

On March 11 2023, National Fuel Gas ($NYSE:NFG) Co. declared a 0.475 cash dividend for its shareholders. This dividend is yet another investment opportunity for those looking for dividend stocks. For the past three years, the company has issued a dividend per share of 1.88 USD in 2021, 1.86 USD in 2022, and 1.8 USD in 2023. As a result, their dividend yields for 2021-2023 have averaged out to an impressive 3.07%.

In 2021, the yield was 2.77%, in 2022 it was 2.78%, and in 2023 it was 3.65%. The ex-dividend date is set for March 30 2023, which means that if you bought the stock before this date, you’ll still be eligible to receive the dividend. This could be a great opportunity to invest in National Fuel Gas Co. and receive consistent returns.

Stock Price

The same day, NATIONAL FUEL GAS stock opened at $54.7 and closed at $55.4, up by 0.1% from prior closing price of 55.3. This is yet another indication of the company’s commitment to returning value to its shareholders through dividend payments. The board of directors at NATIONAL FUEL GAS has declared dividends on common stock for four consecutive quarters. This latest move is expected to continue the growth of the company’s capital return program and reward its loyal shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NFG. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NFG. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NFG. More…

Key Ratios Snapshot

Some of the financial key ratios for NFG are shown below. More…

Analysis

At GoodWhale, we have analyzed NATIONAL FUEL GAS’s financials and determined that it is a low risk investment. Our Risk Rating indicates that there is minimal risk associated with investing in this company in terms of both financial and business aspects. However, our analysis did uncover one risk warning in their income sheet. If you would like to learn more about this warning and what it means for potential investments, please sign up to GoodWhale.com. Our team is always available to provide further details and guidance. More…

Peers

The company’s main business is natural gas and crude oil production, transportation and sale. The company operates in the United States, Canada and Argentina. National Fuel Gas Co’s main competitors are Transportadora de Gas del Sur SA, Oasis Petroleum Inc, YPF SA.

– Transportadora de Gas del Sur SA ($NYSE:TGS)

Transportadora de Gas del Sur SA is a gas transportation and distribution company operating in Argentina. The company’s market cap as of 2022 is 1.35B and its ROE is 10.03%. The company is engaged in the transportation and distribution of natural gas to industrial, commercial and residential customers in Argentina.

– Oasis Petroleum Inc ($NASDAQ:OAS)

Petróleos de Venezuela, S.A. (PDVSA) is a Venezuelan state-owned oil and natural gas company. It was created in 1976 from the nationalization of the Venezuelan oil industry. It is headquartered in Caracas and its operations are primarily focused on Venezuela’s Orinoco Belt region. The company has the largest proven reserves of crude oil in the world and is the largest producer of oil in South America.

PDVSA is a vertically integrated company that engages in all aspects of the oil and gas industry, including exploration and production, refining, marketing, and transportation. The company also has significant stakes in a number of joint ventures, most notably with Chevron, ExxonMobil, and Total.

PDVSA has a market cap of $2.94 billion as of 2022 and a return on equity of 22.79%. The company is the largest producer of oil in South America and has the largest proven reserves of crude oil in the world.

Summary

National Fuel Gas has been a reliable dividend stock for investors looking for steady returns, with average yields of 3.07% over the past three years. The company has issued quarterly dividends of 1.88, 1.86, and 1.8 USD per share in 2021-2023 respectively, yielding 2.77%, 2.78%, and 3.65%. This means that shareholders can expect a steady stream of dividend income from this company as long as their stock price remains stable. While National Fuel Gas may not offer the highest yields compared to other stocks, it does offer a secure and consistent return on investment making it an attractive option for investors seeking an income-generating asset.