Atmos Energy Corporation (NYSE: ATO) said today that its Board of Directors declared a quarterly dividend increase on the company’s common stock to 37 cents per share. The indicated annual dividend is $1.48, which represents a 5.7 percent increase over the Fiscal 2013 annual dividend of $1.40. This is the 26 th consecutive year that the company has increased its dividend.
“We are pleased with the continued contribution and stability of our regulated earnings, cash flows and capital structure,” said Kim Cocklin, president and chief executive officer of Atmos Energy Corporation. “These factors, combined with the company’s strong regulated operating performance, have positioned us to increase the dividend at a rate that is more closely aligned with earnings per share growth,” Cocklin concluded.
The dividend will be paid on December 9, 2013, to shareholders of record on November 25, 2013. This is the company’s 120 th consecutive quarterly dividend.
Atmos Energy Corporation, headquartered in Dallas, is one of the country's largest natural-gas-only distributors, serving over three million natural gas distribution customers in over 1,400 communities in eight states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West. Atmos Energy also manages company-owned natural gas pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas and provides natural gas marketing and procurement services to industrial, commercial and municipal customers primarily in the Midwest and Southeast. For more information, visit