National Fuel Declares Quarterly Dividend and Authorizes Additional Repurchases of Common Shares
September 24 2008 - 12:39PM
Business Wire
National Fuel Gas Company�s (NYSE:NFG) Board of Directors today
approved payment of a regular quarterly dividend of 32.5 cents per
share on the Company�s common stock. The dividend is payable
October 15, 2008, to shareholders of record on September 30, 2008.
National Fuel has paid dividends for 106 consecutive years and has
increased its annual dividend for 38 straight years. In June 2008,
the dividend was increased 4.8 percent. The Board also today
ratified the action of the Board�s Executive Committee on September
9, 2008, which authorized the repurchase, or buy-back, of two
million shares of common stock. In addition, the Board authorized
the repurchase of an additional six million shares of the Company�s
common stock. As previously announced, the Company has completed
the buy-back of eight million shares of its common stock as
authorized in December 2005. The buy-back is intended to be
implemented from time to time in the open market or through private
transactions. National Fuel is an integrated energy company with
$4.3 billion in assets comprising five principal operating
segments: Utility, Pipeline and Storage, Exploration and
Production, Energy Marketing, and Timber. Additional information
about the company is available at http://www.nationalfuelgas.com or
through its investor information service at 1 (800) 334-2188.
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