Atmos Energy Corporation
ATO36 yrs growthUtilities · Stock · quarterly payer
Forward Yield
2.25%
Annual Dividend
$4.00
Payout Ratio
46%
5-Yr Growth
9.0%
Ex-Date
May 26, 2026
Frequency
Quarterly
Summary
As of July 2026, Atmos Energy Corporation (ATO) yields 2.25% ($4.00 per share annually), with a blended fair-value estimate of $147.54 — -17% downside, so it screens as overvalued. Dividend safety grade: A (95/100). 36 years of dividend growth.
Is ATO a good dividend stock?
YesAtmos Energy Corporation (ATO) pays a quarterly dividend yielding 2.25% ($4.00/yr), with 36 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 36 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (46%)
- Strong 9.0% 5-yr dividend growth
- 82% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.25%
- Payout Ratio
- 46%
- Annual Dividend
- $4.00
- 5-Yr Avg Growth
- 9.0%
- Ex-Dividend Date
- May 26, 2026
- Years of Growth
- 36
- Frequency
- quarterly
- Beta
- 0.60
- Market Cap
- $29.6B
- P/E Ratio
- 21.9
- 5-Yr Total Return
- 82%
- 52-Week Range
- $154.23 – $192.51
- Dividend Safety
- A · 95/100
- Ever Cut?
- No
Frequently Asked Questions
ATO Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
+53%
5 Years
+82%
52-Week Range
$154.23 – $192.51
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ATO worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Atmos Energy Corporation is $147.54 per share, versus a market price of $177.68. That implies 17% of downside.
Fair Value
$147.54
Current Price
$177.68
Downside
-17%
Margin of Safety
-20%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.3% discount rate (CAPM), 8.6% stage-1 growth, 2.5% terminal growth, $8.12 EPS, $4.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ATO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 26, 2026 | — | $1.0000 | regular |
| Feb 23, 2026 | — | $1.0000 | regular |
| Nov 24, 2025 | — | $1.0000 | regular |
| Aug 25, 2025 | — | $0.8700 | regular |
| May 27, 2025 | — | $0.8700 | regular |
| Feb 25, 2025 | — | $0.8700 | regular |
| Nov 25, 2024 | — | $0.8700 | regular |
| Aug 26, 2024 | — | $0.8050 | regular |
| May 24, 2024 | — | $0.8050 | regular |
| Feb 23, 2024 | — | $0.8050 | regular |
| Nov 24, 2023 | — | $0.8050 | regular |
| Aug 18, 2023 | — | $0.7400 | regular |
| May 19, 2023 | — | $0.7400 | regular |
| Feb 16, 2023 | — | $0.7400 | regular |
Income Calculator
At $4.00 / yr per share
