National Fuel Gas Company
NFG27 yrs growthEnergy · Stock · quarterly payer
Forward Yield
2.66%
Annual Dividend
$2.22
Payout Ratio
30%
5-Yr Growth
3.7%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of September 2026, National Fuel Gas Company (NFG) yields 2.66% ($2.22 per share annually), with a blended fair-value estimate of $67.33 — -19% downside, so it screens as overvalued. 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 2.66% ($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%)
- 59% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.66%
- 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
- 0.38
- Market Cap
- $7.9B
- P/E Ratio
- 11.6
- 5-Yr Total Return
- 59%
- 52-Week Range
- $75.17 – $97.06
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
NFG Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
+61%
5 Years
+59%
52-Week Range
$75.17 – $97.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NFG worth?
Overvaluedlow confidenceOur blended fair-value estimate for National Fuel Gas Company is $67.33 per share, versus a market price of $83.32. That implies 19% of downside.
Fair Value
$67.33
Current Price
$83.32
Downside
-19%
Margin of Safety
-24%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
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 6.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 6.8% 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
