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
2.7%
Payout Ratio
36.3%
Sustainable
Dividend Streak
39 years
NFG Dividend Income Check
Safety
36.3% payout ratio with sustainable safety profile.
Consistency
39 straight years of dividend increases.
Income Trend
Yield on cost is 5.1% and trend is rising.
NFG Dividend Scorecard
Yield & Income
Dividend Yield2.7%
Trailing DPS$2.07
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout36.3%
Earnings SafetySustainable
FCF Payout64.0%
FCF SafetyAdequate
Piotroski F-Score9/9
Growth
Growth Streak39 years
3Y CAGR4.1%
5Y CAGR3.7%
Yield on Cost (5Y)5.1%
YOC Trendrising
Total Returns
Buyback Yield0.8%
Total Shareholder Yield3.5%
1Y Total Return-8.7%
5Y Total Return66.7%
Div Contribution (5Y)19.2%
Estimated $10K growth (return + dividends):
5Y ago$16,66810Y ago$16,94020Y ago$32,227
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
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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 39 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: 2.7% dividend yield, 0.8% buyback yield, 3.5% 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 66.7%, with dividends contributing 19.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $16,940 today.
NFG Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$10.00
Avg/Payment$0.5000
Latest Change+3.7%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $0.5550 | ↑ +3.7% | 2.85% | Jul 15, 2026 |
| Mar 31, 2026 | $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 |
NFG Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
2.7%
#6 of 8
Safety
Sustainable
36.3% payout
Streak
39Y
3.7% 5Y CAGR
Total Shareholder
3.5%
#4 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| NFGNational Fuel Gas Co… | $7.2B | 2.7% | 36.3% | 39 | Sustainable |
 NJRNew Jersey Resources… | $5.5B | 3.3% | 53.7% | 30 | Sustainable |
1st  SRSpire Inc. | $4.5B | 4.1% | 67.1% | 14 | Watch |
 SWXSouthwest Gas Holdin… | $6.4B | 2.8% | 40.6% | 0 | Sustainable |
2nd  NWNNorthwest Natural Ho… | $2.0B | 3.9% | 68.2% | 24 | Watch |
 ATOAtmos Energy Corpora… | $28.3B | 2.0% | 46.2% | 38 | Sustainable |
3rd  OGSONE Gas, Inc. | $4.8B | 3.5% | 60.8% | 12 | Watch |
 RRCRange Resources Corp… | $8.7B | 1.0% | 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 | $1.09 | — | 2 | — | — | — | 2.6% |
| 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% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
39+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
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NFG — 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 +2.7%. Payments are made Semi-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 Semi-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 39 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 39 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 Semi-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 $16,668 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 +2.7% market yield, thanks to consistent dividend growth.