Piedmont Natural Keeps Dividend Steady
Natural gas distributor Piedmont Natural Gasannounced today its third-quarter dividend of $0.31 per share, the same rate it's paid for the past two quarters after raising the payout 3% from $0.30 per share.
The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Sept. 24. The regular dividend payment equates to a $1.24-per-share annual dividend, yielding 3.9% based on the closing price today of Piedmont Natural Gas's stock.
The article Piedmont Natural Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Piedmont Natural Gas Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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