WILLIAMSVILLE, N.Y., June 7 /CNW/ - The Board of Directors of National
Fuel Gas Company (NYSE: NFG) ("National Fuel" or "Company") today approved a
3.3 percent increase in the dividend on the Company's common stock, raising
the quarterly rate from 30 cents per share as approved in June 2006 to 31
cents per share, for an annual rate of $1.24 per share. This action marks the
105th year of uninterrupted dividend payments and the 37th consecutive year
that National Fuel has increased its dividend.
Philip C. Ackerman, Chairman and Chief Executive Officer of National
Fuel, said, "We are pleased to announce another consecutive increase to the
Company's dividend. The action taken today by our Board of Directors reaffirms
our standing among an elite group of companies that have paid dividends for
over 100 years. Our financial strength is rooted in our endurance as an
integrated energy company and we are delighted to offer such value to our
The dividend is payable July 16, 2007, to shareholders of record at the
close of business on June 29, 2007. The Company has approximately 83.5 million
shares of common stock outstanding. It has no preferred stock outstanding.
National Fuel is an integrated energy company with $4.0 billion in assets
comprising five principal operating segments: Utility, Pipeline and Storage,
Exploration and Production, Energy Marketing and Timber. Additional
information about National Fuel is available at http://www.nationalfuelgas.com
or through its investor information service at 1-800-334-2188.
For further information:
For further information: National Fuel Gas Company Media: Julie Coppola
Cox, 716-857-7079 or Analyst: James C. Welch, 716-857-6987