Trailing Dividend / Share
$2.07
National Fuel Gas Company (NFG) Dividend History
Income profile from 1987 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.6%
Payout Ratio
36.3%
Sustainable
Dividend Streak
31 years
NFG Dividend Income Check
Safety
36.3% payout ratio with sustainable safety profile.
Consistency
31 straight years of dividend increases.
Income Trend
Yield on cost is 5.1% and trend is rising.
NFG Dividend Scorecard
Yield & Income
Dividend Yield2.6%
Trailing DPS$2.07
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout36.3%
Earnings SafetySustainable
FCF Payout64.0%
FCF SafetyAdequate
Piotroski F-Score9/9
Growth
Growth Streak31 years
3Y CAGR4.1%
5Y CAGR3.7%
Yield on Cost (5Y)5.1%
YOC Trendrising
Total Returns
Buyback Yield0.8%
Total Shareholder Yield3.4%
1Y Total Return-0.1%
5Y Total Return71.4%
Div Contribution (5Y)18.8%
Estimated $10K growth (return + dividends):
5Y ago$17,13610Y ago$18,23620Y ago$32,230
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
NFG Income Growth Story
Dividend per share and yield on cost over time (40 years of payments)
NFG Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
National Fuel Gas Company distributes 36.3% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 64.0%, rated "Adequate".
Piotroski F-Score: 9/9 — strong financial health.
Growth Track Record
NFG has raised its dividend for 31 consecutive years, with a 3-year CAGR of 4.1% and 5-year CAGR of 3.7%.
Total Shareholder Returns
Beyond cash dividends, NFG returns capital through share repurchases. The combined picture: 2.6% dividend yield, 0.8% buyback yield, 3.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.1% and is currently rising. The 5-year total return is 71.4%, with dividends contributing 18.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $18,236 today.
NFG Recent Dividend Payments
Last 20 payments · Annual
TTM Total$9.90
Avg/Payment$0.4950
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 31, 2026Latest | $0.5350 | — | 2.28% | Apr 15, 2026 |
| Dec 31, 2025 | $0.5350 | — | 2.65% | Jan 15, 2026 |
| Sep 30, 2025 | $0.5350 | — | 2.27% | Oct 15, 2025 |
| Jun 30, 2025 | $0.5350 | ↑ +3.9% | 2.46% | Jul 15, 2025 |
| Mar 31, 2025 | $0.5150 | — | 2.60% | Apr 15, 2025 |
| Dec 31, 2024 | $0.5150 | — | 3.36% | Jan 15, 2025 |
| Sep 30, 2024 | $0.5150 | — | 3.33% | Oct 15, 2024 |
| Jun 28, 2024 | $0.5150 | ↑ +4.0% | 3.69% | Jul 15, 2024 |
NFG Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
2.6%
#6 of 8
Safety
Sustainable
36.3% payout
Streak
31Y
3.7% 5Y CAGR
Total Shareholder
3.4%
#3 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| NFGNational Fuel Gas Co… | $7.6B | 2.6% | 36.3% | 31 | Sustainable |
3rd  NJRNew Jersey Resources… | $5.6B | 3.2% | 53.7% | 4 | Sustainable |
2nd  SRSpire Inc. | $5.1B | 3.6% | 67.1% | 12 | Watch |
 SWXSouthwest Gas Holdin… | $6.6B | 2.7% | 40.6% | 0 | Sustainable |
1st  NWNNorthwest Natural Ho… | $2.1B | 3.8% | 68.2% | 7 | Watch |
 ATOAtmos Energy Corpora… | $30.1B | 1.9% | 46.2% | 28 | Sustainable |
 OGSONE Gas, Inc. | $5.4B | 3.1% | 60.8% | 12 | Watch |
 RRCRange Resources Corp… | $9.6B | 0.9% | 13.0% | 1 | Sustainable |
NFG Annual Dividend History (1987–2026)
40 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.54 | — | 1 | — | — | — | 1.3% |
| 2025 | $2.12 | 3.9% | 4 | $5.68 | 37.3% | 2.68x | 5.1% |
| 2024 | $2.04 | 4.1% | 4 | $0.84 | 242.9% | 0.41x | 4.9% |
| 2023 | $1.96 | 4.3% | 4 | $5.17 | 37.9% | 2.64x | 4.8% |
| 2022 | $1.88 | 3.9% | 4 | $6.15 | 30.6% | 3.27x | 4.6% |
| 2021 | $1.81 | 2.3% | 4 | $3.97 | 45.6% | 2.19x | 4.4% |
| 2020 | $1.77 | 2.3% | 4 | $-1.41 | — | — | 4.3% |
| 2019 | $1.73 | 2.4% | 4 | $3.51 | 49.3% | 2.03x | 4.2% |
| 2018 | $1.69 | 2.4% | 4 | $4.53 | 37.3% | 2.68x | 4.1% |
| 2017 | $1.65 | 2.5% | 4 | $3.30 | 50.0% | 2.00x | 4.0% |
See NFG's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NFG Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NFG vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonNFG — Frequently Asked Questions
Quick answers to the most common questions about buying NFG stock.
How much dividend does NFG pay per share?
National Fuel Gas Company (NFG) pays a trailing 12-month dividend of $2.07 per share, with a current dividend yield of +2.6%. Payments are made Annual.
When is NFG's next ex-dividend date?
NFG's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. NFG typically pays dividends Annual.
Is NFG's dividend safe?
NFG's dividend safety is rated "Sustainable" based on an earnings payout ratio of +36.3% and FCF payout ratio of +64.0%. With 31 consecutive years of dividend growth, the track record supports sustainability.
Is NFG a Dividend Aristocrat?
Yes, National Fuel Gas Company is classified as a Dividend Aristocrat with 31 consecutive years of dividend increases. The 5-year dividend CAGR is +3.7%, demonstrating modest dividend growth.
How often does NFG pay dividends?
National Fuel Gas Company pays dividends Annual. The trailing 12-month total is $2.07 per share. Dividend data on this page covers 39+ years from 1987 to 2026.
How much would $10,000 invested in NFG grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in NFG five years ago would be worth approximately $17,136 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is NFG's yield on cost for long-term holders?
NFG's yield on cost — the current dividend divided by the original purchase price — is +5.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.6% market yield, thanks to consistent dividend growth.