National Fuel Gas Company
NFG27 yrs growthEnergy · Stock · quarterly payer
Forward Yield
2.69%
Annual Dividend
$2.22
Payout Ratio
30%
5-Yr Growth
3.7%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of August 2026, National Fuel Gas Company (NFG) yields 2.69% ($2.22 per share annually), with a blended fair-value estimate of $103.98 — +26% upside, so it screens as undervalued. Dividend safety grade: A (97/100). 27 years of dividend growth.
Is NFG a good dividend stock?
YesNational Fuel Gas Company (NFG) pays a quarterly dividend yielding 2.69% ($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%)
- 57% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.69%
- Payout Ratio
- 30%
- Annual Dividend
- $2.22
- 5-Yr Avg Growth
- 3.7%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 27
- Frequency
- quarterly
- Beta
- 0.39
- Market Cap
- $7.8B
- P/E Ratio
- 11.5
- 5-Yr Total Return
- 57%
- 52-Week Range
- —
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
NFG Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
+59%
5 Years
+57%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NFG worth?
Undervaluedmedium confidenceOur blended fair-value estimate for National Fuel Gas Company is $103.98 per share, versus a market price of $82.48. That implies 26% of upside — a margin of safety of about 21%.
Fair Value
$103.98
Current Price
$82.48
Upside
+26%
Margin of Safety
21%
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.
Assumptions: 7.0% discount rate (CAPM), 7.4% stage-1 growth, 2.5% terminal growth, $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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.5550 | regular |
| Mar 31, 2026 | — | $0.5350 | regular |
| Dec 31, 2025 | — | $0.5350 | regular |
| Sep 30, 2025 | — | $0.5350 | regular |
| Jun 30, 2025 | — | $0.5350 | regular |
| Mar 31, 2025 | — | $0.5150 | regular |
| Dec 31, 2024 | — | $0.5150 | regular |
| Sep 30, 2024 | — | $0.5150 | regular |
| Jun 28, 2024 | — | $0.5150 | regular |
| Mar 27, 2024 | — | $0.4950 | regular |
| Dec 28, 2023 | — | $0.4950 | regular |
| Sep 28, 2023 | — | $0.4950 | regular |
| Jun 29, 2023 | — | $0.4950 | regular |
| Mar 30, 2023 | — | $0.4750 | regular |
Income Calculator
At $2.22 / yr per share
