CHARLOTTE, N.C., March 6, 2014 /PRNewswire/ -- The Board of Directors of Piedmont Natural Gas (NYSE: PNY) today approved an increase in the Company's dividend for the 36th consecutive year. At its regularly scheduled meeting, the Board declared a quarterly dividend on Common Stock of 32 cents per share, up 3.2% from the previous quarterly dividend of 31 cents per share. The increased dividend is payable April 15, 2014, to shareholders of record at the close of business on March 25, 2014. Also, at today's Annual Meeting of Shareholders, three members of the Board of Directors were re-elected for a three-year term: Malcolm E. Everett, III, Frank B. Holding, Jr., and Minor M. Shaw. Michael C. Tarwater, who was appointed to the Board effective November 1, 2013, was also elected for a three-year term.
Piedmont Natural Gas will conduct its 2014 first quarter conference call, broadcast live over the internet on Friday, March 7, 2014 at 10:00 a.m. Eastern Time. Hosting the conference call will be Chairman, President and Chief Executive Officer Thomas E. Skains. Simply log on to the web at www.piedmontng.com and click on "For Investors." The conference call will be archived on the Presentation page of the website within the "For Investors" section.
About Piedmont Natural GasPiedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation utility customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas transportation and storage, and regulated intrastate natural gas transportation businesses. More information about Piedmont Natural Gas is available on the Internet at http://www.piedmontng.com/. SOURCE Piedmont Natural Gas
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV