HOUSTON, Jan. 3, 2018 /PRNewswire/ -- Cabot Oil & Gas
Corporation (NYSE: COG) today announced that its Board of Directors
declared a 20 percent increase in its regular quarterly dividend to
six cents ($0.06) per share on the Company's common stock.
The dividend will be paid on February 7,
2018 to all shareholders of record as of the close of
business on January 24, 2018.
"Today's decision to increase the Company's dividend for the
second consecutive year highlights our commitment to increasing our
return of capital to shareholders," commented Dan O. Dinges, Chairman, President and Chief
Executive Officer. "We firmly believe that our strong balance sheet
and our ability to deliver double-digit growth per debt-adjusted
share from our Marcellus Shale asset
while generating positive free cash flow will allow us to continue
to return capital to shareholders through sustainable dividend
growth and opportunistic share repurchases."
Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent
natural gas producer, with its entire resource base located in the
continental United States. For additional information, visit
the Company's homepage at www.cabotog.com.
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SOURCE Cabot Oil & Gas Corporation