National Fuel Gas (NFG) Dividend History & Yield
Dividend ChampionNational Fuel Gas (NFG) has increased its dividend for 28 consecutive years and currently yields 2.64%. The most recent dividend was $0.5350/share on Apr 15, 2026, paid Quarterly.
Current Yield
2.64%
TTM Dividend/Share
$2.14
Payment Frequency
Quarterly
Payout Ratio
29.0%
Consecutive Growth Years
28 (Dividend Champion)
Div Growth (1Y CAGR)
3.92%
Div Growth (5Y CAGR)
3.67%
Div Growth (10Y CAGR)
3.05%
NFG: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
6.3%
FCF payout ratio
16.7%
Net debt / EBITDA
1.6x
Interest coverage
6.87x
ROIC (TTM)
13.2%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 29.0%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($2.07) does not fully cover dividend/share ($2.14).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
28 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 16.7%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (3.7%) ≤ EPS growth (23.7%) — sustainable.
Per-payment dividend history
Ex-date Mar 31, 2026
- Payment date
- Apr 15, 2026
- Dividend
- $0.5350
- Adj. dividend
- $0.5350
Ex-date Dec 31, 2025
- Payment date
- Jan 15, 2026
- Dividend
- $0.5350
- Adj. dividend
- $0.5350
Ex-date Sep 30, 2025
- Payment date
- Oct 15, 2025
- Dividend
- $0.5350
- Adj. dividend
- $0.5350
Ex-date Jun 30, 2025
- Payment date
- Jul 15, 2025
- Dividend
- $0.5350
- Adj. dividend
- $0.5350
Ex-date Mar 31, 2025
- Payment date
- Apr 15, 2025
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date Dec 31, 2024
- Payment date
- Jan 15, 2025
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date Sep 30, 2024
- Payment date
- Oct 15, 2024
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date Jun 28, 2024
- Payment date
- Jul 15, 2024
- Dividend
- $0.5150
- Adj. dividend
- $0.5150
Ex-date Mar 27, 2024
- Payment date
- Apr 15, 2024
- Dividend
- $0.4950
- Adj. dividend
- $0.4950
Ex-date Dec 28, 2023
- Payment date
- Jan 12, 2024
- Dividend
- $0.4950
- Adj. dividend
- $0.4950
Ex-date Sep 28, 2023
- Payment date
- Oct 13, 2023
- Dividend
- $0.4950
- Adj. dividend
- $0.4950
Ex-date Jun 29, 2023
- Payment date
- Jul 14, 2023
- Dividend
- $0.4950
- Adj. dividend
- $0.4950
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 31, 2026 | Apr 15, 2026 | $0.5350 | $0.5350 |
| Dec 31, 2025 | Jan 15, 2026 | $0.5350 | $0.5350 |
| Sep 30, 2025 | Oct 15, 2025 | $0.5350 | $0.5350 |
| Jun 30, 2025 | Jul 15, 2025 | $0.5350 | $0.5350 |
| Mar 31, 2025 | Apr 15, 2025 | $0.5150 | $0.5150 |
| Dec 31, 2024 | Jan 15, 2025 | $0.5150 | $0.5150 |
| Sep 30, 2024 | Oct 15, 2024 | $0.5150 | $0.5150 |
| Jun 28, 2024 | Jul 15, 2024 | $0.5150 | $0.5150 |
| Mar 27, 2024 | Apr 15, 2024 | $0.4950 | $0.4950 |
| Dec 28, 2023 | Jan 12, 2024 | $0.4950 | $0.4950 |
| Sep 28, 2023 | Oct 13, 2023 | $0.4950 | $0.4950 |
| Jun 29, 2023 | Jul 14, 2023 | $0.4950 | $0.4950 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
National Fuel Gas has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 28 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.1200 | — | — |
| 2025 | $2.0400 | $2.1200 | +3.9% |
| 2024 | $1.9600 | $2.0400 | +4.1% |
| 2023 | $1.8800 | $1.9600 | +4.3% |
| 2022 | $1.8100 | $1.8800 | +3.9% |
| 2021 | $1.7700 | $1.8100 | +2.3% |
| 2020 | $1.7300 | $1.7700 | +2.3% |
| 2019 | $1.6900 | $1.7300 | +2.4% |
| 2018 | $1.6500 | $1.6900 | +2.4% |
| 2017 | $1.6100 | $1.6500 | +2.5% |
| 2016 | $1.5700 | $1.6100 | +2.5% |
| 2015 | $1.5300 | $1.5700 | +2.6% |
| 2014 | $1.4900 | $1.5300 | +2.7% |
| 2013 | $1.4500 | $1.4900 | +2.8% |
| 2012 | $1.4100 | $1.4500 | +2.8% |
| 2011 | $1.3700 | $1.4100 | +2.9% |
| 2010 | $1.3300 | $1.3700 | +3.0% |
| 2009 | $1.2850 | $1.3300 | +3.5% |
| 2008 | $1.2300 | $1.2850 | +4.5% |
| 2007 | $1.1900 | $1.2300 | +3.4% |
| 2006 | $1.1500 | $1.1900 | +3.5% |
| 2005 | $1.1100 | $1.1500 | +3.6% |
| 2004 | $1.0700 | $1.1100 | +3.7% |
| 2003 | $1.0325 | $1.0700 | +3.6% |
| 2002 | $0.9975 | $1.0325 | +3.5% |
| 2001 | $0.9525 | $0.9975 | +4.7% |
| 2000 | $0.9225 | $0.9525 | +3.3% |
| 1999 | $0.8425 | $0.9225 | +9.5% |
| 1998 | $0.8625 | $0.8425 | -2.3% |
| 1997 | $0.8325 | $0.8625 | +3.6% |
| 1996 | $1.0075 | $0.8325 | -17.4% |
| 1995 | $0.7850 | $1.0075 | +28.3% |
| 1994 | $0.7650 | $0.7850 | +2.6% |
| 1993 | $0.7450 | $0.7650 | +2.7% |
| 1992 | $0.7250 | $0.7450 | +2.8% |
| 1991 | $0.7000 | $0.7250 | +3.6% |
| 1990 | $0.6600 | $0.7000 | +6.1% |
| 1989 | $0.6225 | $0.6600 | +6.0% |
| 1988 | — | $0.6225 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for National Fuel Gas (NFG) from the consolidated cash flow statement, in USD as filed.
Latest period
$194.08M
YoY change
+2.5%
5Y CAGR
+4.2%
Peak year (2025)
$188.44M
Latest annual
$188.44M
Cash dividends paid over time for National Fuel Gas (NFG)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for National Fuel Gas (NFG)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $188.44M | +2.5% | +$4.64M | ||
| 2024 | $183.80M | +4.4% | +$7.70M | ||
| 2023 | $176.10M | +4.7% | +$7.95M | ||
| 2022 | $168.15M | +3.1% | +$5.06M | ||
| 2021 | $163.09M | +6.4% | +$9.77M | ||
| 2020 | $153.32M | +4.0% | +$5.90M | ||
| 2019 | $147.42M | +2.9% | +$4.16M | ||
| 2018 | $143.26M | +3.0% | +$4.20M | ||
| 2017 | $139.06M | +3.1% | +$4.24M | ||
| 2016 | $134.82M | +3.1% | +$4.11M | ||
| 2015 | $130.72M | +3.2% | +$4.08M | ||
| 2014 | $126.64M | +3.2% | +$3.93M | ||
| 2013 | $122.71M | +3.3% | +$3.91M | ||
| 2012 | $118.80M | +3.7% | +$4.24M | ||
| 2011 | $114.56M | +4.5% | +$4.96M | ||
| 2010 | $109.60M | +5.2% | +$5.44M | ||
| 2009 | $104.16M | +0.5% | +$475,000 | ||
| 2008 | $103.68M | +3.0% | +$3.05M | ||
| 2007 | $100.63M | +2.4% | +$2.37M | ||
| 2006 | $98.27M | +4.4% | +$4.11M | ||
| 2005 | $94.16M | +5.7% | +$5.07M | ||
| 2004 | $89.09M | +5.4% | +$4.56M | ||
| 2003 | $84.53M | — | +$84.53M | ||
| 2002 | $0 | -100.0% | -$76.67M | ||
| 2001 | $76.67M | +5.0% | +$3.63M | ||
| 2000 | $73.05M | +4.2% | +$2.95M | ||
| 1999 | $70.10M | +4.3% | +$2.90M | ||
| 1998 | $67.20M | +4.5% | +$2.90M | ||
| 1997 | $64.30M | +5.1% | +$3.10M | ||
| 1996 | $61.20M | +3.4% | +$2.00M | ||
| 1995 | $59.20M | +3.5% | +$2.00M | ||
| 1994 | $57.20M | — | — |
As of the 2025 fiscal year, National Fuel Gas (NFG) reported dividends paid of $188.44M – edged up 2.5% year-over-year.
Through 2020–2025 (5 years), National Fuel Gas dividends paid delivered a +4.2% annualised rate; sustaining 23 straight years of year-over-year growth.
$188.44M stands as the all-time-high annual dividends paid, posted in 2025, against a low of $0 during 2002.
National Fuel Gas (NFG) sits 9th of 8 Energy peers we track on this metric, against a peer median of $3.30B.
National Fuel Gas Dividends Paid 2025: $188.44M
National Fuel Gas dividends paid in 2025 was $188.44M, edged up 2.5% from 2024. This figure represents the highest annual value in the available history.
National Fuel Gas Dividends Paid 2024: $183.80M
National Fuel Gas dividends paid in 2024 was $183.80M, edged up 4.4% from 2023.
National Fuel Gas Dividends Paid 2023: $176.10M
National Fuel Gas dividends paid in 2023 was $176.10M, edged up 4.7% from 2022.
National Fuel Gas Dividends Paid 2022: $168.15M
National Fuel Gas dividends paid in 2022 was $168.15M, edged up 3.1% from 2021.
National Fuel Gas Dividends Paid 2021: $163.09M
National Fuel Gas dividends paid in 2021 was $163.09M.
See more financial history for National Fuel Gas (NFG).
Sector peers by dividends paid
Companies in the same sector as National Fuel Gas, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $17.23B | Energy |
| Chevron (CVX) | $12.75B | Energy |
| Enbridge (ENB) | $11.27B | Energy |
| ConocoPhillips (COP) | $4.00B | Energy |
| Kinder Morgan (KMI) | $2.60B | Energy |
| Williams Companies (WMB) | $2.44B | Energy |
| EOG Resources (EOG) | $2.16B | Energy |
| SLB (SLB) | $1.60B | Energy |
Frequently asked questions
Does National Fuel Gas pay dividends?
Yes, National Fuel Gas (NFG) pays quarterly dividends of approximately $2.14 per share annually, yielding 2.64%.
What is National Fuel Gas's dividend yield?
National Fuel Gas (NFG) has a current dividend yield of 2.64%.
Is National Fuel Gas's dividend safe?
National Fuel Gas (NFG) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has National Fuel Gas increased its dividend?
National Fuel Gas (NFG) has 28 consecutive years of dividend increases.
What is National Fuel Gas's dividend payout ratio?
National Fuel Gas (NFG) has a dividend payout ratio of 29.0%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is National Fuel Gas's dividends paid?
Latest reported dividends paid for National Fuel Gas (NFG) is $194.08M (period ending March 31, 2026).
How has National Fuel Gas dividends paid changed year-over-year?
National Fuel Gas (NFG) dividends paid changed +2.5% year-over-year on the latest annual filing.
What is the long-term growth rate of National Fuel Gas dividends paid?
National Fuel Gas (NFG) dividends paid compound annual growth rate is +4.2% over the most recent 5 years available.
When did National Fuel Gas dividends paid hit its highest annual value?
National Fuel Gas dividends paid reached its highest annual value of $188.44M in 2025.
What was National Fuel Gas dividends paid in 2024?
National Fuel Gas (NFG) dividends paid in 2024 was $183.80M.
What was National Fuel Gas dividends paid in 2025?
National Fuel Gas (NFG) dividends paid in 2025 was $188.44M.
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