Piedmont Natural Gas Increases Dividend for 32nd Consecutive Year
February 26 2010 - 11:15AM
PR Newswire (US)
CHARLOTTE, N.C., Feb. 26 /PRNewswire-FirstCall/ -- The Board of
Directors of Piedmont Natural Gas today approved an increase in the
Company's dividend for the 32nd consecutive year. At its regularly
scheduled meeting, the Board declared a quarterly dividend on
Common Stock of 28 cents per share, a 3.7 percent increase over the
previous quarterly dividend of 27 cents per share. The increased
dividend is payable April 15, 2010, to shareholders of record at
the close of business on March 25, 2010. At today's annual meeting
of shareholders, four members of the Board of Directors were
re-elected: Jerry W. Amos, Frankie T. Jones, Vicki McElreath, and
Thomas E. Skains. Shareholders also ratified the appointment of
Deloitte & Touche LLP as the Company's auditors for 2010, and
approved an amendment to the Company's Employee Stock Purchase Plan
to increase the number of shares authorized for issuance under the
plan. Conference Call Piedmont Natural Gas will conduct its 2010
first quarter conference call, broadcast live over the internet on
Thursday, March 11, 2010 at 10:00 a.m. Eastern Standard Time.
Hosting the conference call will be Chairman, President and Chief
Executive Officer Thomas E. Skains. Simply log on to the web at
http://www.piedmontng.com/ and click on Investors, then on
Presentations. The conference call will be archived on the website.
About Piedmont Natural Gas Piedmont Natural Gas is an energy
services company primarily engaged in the distribution of natural
gas to more than one million residential, commercial and industrial
utility customers in North Carolina, South Carolina and Tennessee,
including 61,000 customers served by municipalities who are
wholesale customers. Our subsidiaries are invested in joint
venture, energy-related businesses, including unregulated retail
natural gas marketing, interstate natural gas storage and
intrastate natural gas transportation. More information about
Piedmont Natural Gas is available on the internet at
http://www.piedmontng.com/. DATASOURCE: Piedmont Natural Gas
CONTACT: Investors: Nick Giaimo,
+1-704-731-4952,nick.giaimo@piedmontng.com, or Media: David Trusty,
+1-704-731-4391,david.trusty@piedmontng.com Web Site:
http://www.piedmontng.com/
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