National Fuel Gas Company Buyback
OLI recorded this information on 3/11/2024
Company:
National Fuel Gas Company
Buyback:
NFG buyback
$Amount Authorized:
$200,000,000
Buyback Details:
National Fuel Gas Company (NYSE: NFG) (the "Company") announced today that its Board of Directors has approved payment of a regular quarterly dividend of 49.5 cents per share on the Company's common stock. The dividend is payable April 15, 2024, to stockholders of record at the close of business March 28, 2024. The Company also announced an enhancement to its long history of returning capital to shareholders with the authorization of a program to repurchase up to $200 million of its outstanding common stock. While there is no end date to the program, the Company is targeting completion of this program by the end of fiscal 2025.
National Fuel Gas is a holding company. Through its subsidiaries, Co. is engaged mainly in the production, gathering, transportation, distribution and marketing of natural gas. Co.'s segments are: Exploration and Production, which is engaged in the exploration for, and the development and production of, natural gas and oil reserves in the Appalachian region of the U.S.; Pipeline and Storage, which provides interstate natural gas transportation services for affiliated and nonaffiliated companies through integrated gas pipeline systems; Gathering, which builds, owns and operates natural gas processing and pipeline gathering facilities; and Utility, which provides natural gas utility services.
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Avg. Broker Rec.
  
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Buy (2.80 out of 4) 17th percentile
(ranked lower than approx. 83% of all stocks covered)
Analysts' Target Price: NFG Stock Forecast Based on Zacks ABR data; powered by Xignite |
