CHARLOTTE, N.C., March 6, 2014 /PRNewswire/ -- The Board of
Directors of Piedmont Natural Gas (NYSE: PNY) today approved an
increase in the Company's dividend for the 36th consecutive year.
At its regularly scheduled meeting, the Board declared a quarterly
dividend on Common Stock of 32 cents
per share, up 3.2% from the previous quarterly dividend of
31 cents per share. The increased
dividend is payable April 15, 2014,
to shareholders of record at the close of business on March 25, 2014. Also, at today's Annual Meeting
of Shareholders, three members of the Board of Directors were
re-elected for a three-year term: Malcolm
E. Everett, III, Frank B. Holding,
Jr., and Minor M. Shaw. Michael C. Tarwater, who was
appointed to the Board effective November 1,
2013, was also elected for a three-year term.
Conference Call
Piedmont Natural Gas will conduct its 2014 first quarter
conference call, broadcast live over the internet on Friday, March 7, 2014 at 10:00 a.m. Eastern Time. Hosting the conference
call will be Chairman, President and Chief Executive Officer
Thomas E. Skains. Simply log on to
the web at www.piedmontng.com and click on "For Investors." The
conference call will be archived on the Presentation page of the
website within the "For Investors" section.
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, industrial and power generation utility
customers in portions of North
Carolina, South Carolina
and Tennessee, including customers
served by municipalities who are wholesale customers. Our
subsidiaries are invested in joint venture, energy-related
businesses, including unregulated retail natural gas marketing, and
regulated interstate natural gas transportation and storage, and
regulated intrastate natural gas transportation businesses. More
information about Piedmont Natural Gas is available on the Internet
at http://www.piedmontng.com/.
SOURCE Piedmont Natural Gas