National Fuel Gas Company
NFG27 yrs growthEnergy · Oil & Gas Integrated · Stock · quarterly payer
Forward Yield
2.78%
Annual Dividend
$2.22
Payout Ratio
30%
5-Yr Growth
3.7%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Key facts about NFG's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Fuel Gas Company (NFG) has a forward dividend yield of 2.78%, based on an annual dividend of $2.22 per share and a share price of $79.92.
- As of Oct 18, 2026, NFG's dividend safety grade from SmarterDividends is A (97 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, National Fuel Gas Company (NFG) has raised its dividend for 27 consecutive years as of Oct 18, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- NFG has never cut its regular dividend in the payment history SmarterDividends has on record.
- NFG's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.56 per share.
- As of Oct 18, 2026, NFG pays out 30% of its trailing 12-month earnings as dividends (its payout ratio).
- NFG's dividend has grown at an average rate of 3.7% a year over the past five years.
- As of Oct 18, 2026, NFG's 2.78% yield is 14% below its five-year average yield of 3.23%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for NFG is $90.96 per share, 14% above the $79.92 share price, so NFG screens as fairly valued.
- National Fuel Gas Company (NFG) pays its dividend quarterly, 4 times a year.
- National Fuel Gas Company (NFG) has raised its regular dividend 40 times and cut it 0 times across the 156 payments on record since 1987. Its most recent change was a 3.7% increase to $0.555 per share, going ex-dividend on Jun 30, 2026.
Cite this page
SmarterDividends, "NFG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/NFG
Summary
As of Oct 18, 2026, National Fuel Gas Company (NFG) yields 2.78% ($2.22 a year per share), has a dividend safety grade of A (97/100) and has 27 consecutive years of dividend increases on record.
Is NFG a good dividend stock?
YesNational Fuel Gas Company (NFG) pays a quarterly dividend yielding 2.78% ($2.22/yr), with 27 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 — 27 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (30%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.78%
- Payout Ratio
- 30%
- Annual Dividend
- $2.22
- 5-Yr Avg Growth
- 3.7%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 27
- Frequency
- quarterly
- Beta
- 0.41
- Market Cap
- $7.6B
- P/E Ratio
- 11.1
- 5-Yr Total Return
- 38%
- 52-Week Range
- $75.03 – $97.06
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
NFG dividend raises and cuts
National Fuel Gas Company (NFG) has raised its regular dividend 40 times and cut it 0 times across the 156 payments on record since 1987. Its most recent change was a 3.7% increase to $0.555 per share, going ex-dividend on Jun 30, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 30, 2026 | Raise | $0.535 → $0.555 | +3.7% |
| Jun 30, 2025 | Raise | $0.515 → $0.535 | +3.9% |
| Jun 28, 2024 | Raise | $0.495 → $0.515 | +4.0% |
| Jun 29, 2023 | Raise | $0.475 → $0.495 | +4.2% |
| Jun 29, 2022 | Raise | $0.455 → $0.475 | +4.4% |
| Jun 29, 2021 | Raise | $0.445 → $0.455 | +2.2% |
| Jun 29, 2020 | Raise | $0.435 → $0.445 | +2.3% |
| Jun 27, 2019 | Raise | $0.425 → $0.435 | +2.4% |
| Jun 28, 2018 | Raise | $0.415 → $0.425 | +2.4% |
| Jun 28, 2017 | Raise | $0.405 → $0.415 | +2.5% |
| Jun 28, 2016 | Raise | $0.395 → $0.405 | +2.5% |
| Jun 26, 2015 | Raise | $0.385 → $0.395 | +2.6% |
Show all 40 changes since 1988
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 26, 2014 | Raise | $0.375 → $0.385 | +2.7% |
| Jun 26, 2013 | Raise | $0.365 → $0.375 | +2.7% |
| Jun 27, 2012 | Raise | $0.355 → $0.365 | +2.8% |
| Jun 28, 2011 | Raise | $0.345 → $0.355 | +2.9% |
| Jun 28, 2010 | Raise | $0.335 → $0.345 | +3.0% |
| Jun 26, 2009 | Raise | $0.325 → $0.335 | +3.1% |
| Jun 26, 2008 | Raise | $0.310 → $0.325 | +4.8% |
| Jun 27, 2007 | Raise | $0.300 → $0.310 | +3.3% |
| Jun 28, 2006 | Raise | $0.290 → $0.300 | +3.4% |
| Jun 28, 2005 | Raise | $0.280 → $0.290 | +3.6% |
| Jun 28, 2004 | Raise | $0.270 → $0.280 | +3.7% |
| Jun 26, 2003 | Raise | $0.260 → $0.270 | +3.8% |
| Jun 26, 2002 | Raise | $0.253 → $0.260 | +2.8% |
| Sep 26, 2001 | Raise | $0.253 → $0.253 | +0.2% |
| Jun 27, 2001 | Raise | $0.240 → $0.253 | +5.2% |
| Jun 28, 2000 | Raise | $0.233 → $0.240 | +3.2% |
| Jun 28, 1999 | Raise | $0.225 → $0.233 | +3.6% |
| Jun 26, 1998 | Raise | $0.218 → $0.225 | +3.4% |
| Jun 26, 1997 | Raise | $0.210 → $0.218 | +3.6% |
| Jun 26, 1996 | Raise | $0.203 → $0.210 | +3.7% |
| Jun 28, 1995 | Raise | $0.198 → $0.203 | +2.5% |
| Jun 24, 1994 | Raise | $0.193 → $0.198 | +2.6% |
| Jun 24, 1993 | Raise | $0.188 → $0.193 | +2.7% |
| Jun 24, 1992 | Raise | $0.183 → $0.188 | +2.7% |
| Jun 24, 1991 | Raise | $0.178 → $0.183 | +2.8% |
| Jun 25, 1990 | Raise | $0.168 → $0.178 | +6.0% |
| Jun 26, 1989 | Raise | $0.158 → $0.168 | +6.3% |
| Jun 24, 1988 | Raise | $0.150 → $0.158 | +5.0% |
Frequently Asked Questions
Is NFG a good dividend stock?
Yes. National Fuel Gas Company (NFG) pays a quarterly dividend yielding 2.78% ($2.22/yr), with 27 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is NFG undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NFG's fair value is about $90.96 versus a $79.92 share price — so it looks fairly valued (+14% vs. fair value).
Is NFG's dividend safe?
NFG has a dividend-safety grade of A (97/100), based on its payout coverage, free-cash-flow, 27-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is NFG's fair value?
Our blended fair-value estimate for NFG is about $90.96 per share, roughly 14% above the current $79.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NFG a buy, hold, or sell?
We don't issue formal ratings, but on the data NFG screens as "yes" and fairly valued. National Fuel Gas Company (NFG) pays a quarterly dividend yielding 2.78% ($2.22/yr), with 27 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will NFG cut its dividend?
NFG earns a dividend-safety grade of A (97/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NFG pay a dividend?
Yes. National Fuel Gas Company pays a quarterly dividend of about $2.22 per share annually, a forward yield of roughly 2.78%.
What is NFG's dividend yield?
As of Oct 18, 2026, NFG's forward dividend yield is 2.78%, based on a $2.22 annual dividend and a $79.92 share price.
What is NFG's dividend per share?
As of Oct 18, 2026, NFG pays $2.22 per share per year, distributed on a quarterly basis.
What is NFG's dividend payout ratio?
As of Oct 18, 2026, NFG's payout ratio is 30% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has NFG grown its dividend?
As of Oct 18, 2026, NFG has increased its dividend for 27 consecutive years.
When is the next NFG ex-dividend date?
As of Oct 18, 2026, NFG's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.56 per share.
NFG Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
+57%
5 Years
+38%
52-Week Range
$75.03 – $97.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NFG worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for National Fuel Gas Company is $90.96 per share, versus a market price of $79.92. That implies the stock is roughly fairly priced.
Fair Value
$90.96
Current Price
$79.92
Gap
+14%
Margin of Safety
12%
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 21.5% annual free-cash-flow growth. We model 6.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 6.3% growth for five years fading to 2.5% over the next five, $7.18 EPS, $2.22 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NFG 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
Full NFG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 30, 2026 | Oct 15, 2026 | $0.5550 | regular |
| Jun 30, 2026 | Jul 15, 2026 | $0.5550 | regular |
| Mar 31, 2026 | Apr 15, 2026 | $0.5350 | regular |
| Dec 31, 2025 | Jan 15, 2026 | $0.5350 | regular |
| Sep 30, 2025 | Oct 15, 2025 | $0.5350 | regular |
| Jun 30, 2025 | Jul 15, 2025 | $0.5350 | regular |
| Mar 31, 2025 | Apr 15, 2025 | $0.5150 | regular |
| Dec 31, 2024 | Jan 15, 2025 | $0.5150 | regular |
| Sep 30, 2024 | Oct 15, 2024 | $0.5150 | regular |
| Jun 28, 2024 | Jul 15, 2024 | $0.5150 | regular |
| Mar 27, 2024 | Apr 15, 2024 | $0.4950 | regular |
| Dec 28, 2023 | Jan 12, 2024 | $0.4950 | regular |
| Sep 28, 2023 | Oct 13, 2023 | $0.4950 | regular |
| Jun 29, 2023 | Jul 14, 2023 | $0.4950 | regular |
Income Calculator
At $2.22 / yr per share
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