Piedmont Natural Gas a Top Ranked SAFE Dividend Stock With 3.7% Yield (PNY)

Piedmont Natural Gas Co., Inc. (PNY) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.7% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.

According to the ETF Finder at ETF Channel, Piedmont Natural Gas Co., Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.36% of the SPDR S&P Dividend ETF (SDY), which holds $45,977,784 worth of PNY shares.

Piedmont Natural Gas Co., Inc. ( PNY) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

START SLIDESHOW:
Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »

The annualized dividend paid by Piedmont Natural Gas Co., Inc. is $1.24/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/20/2013. Below is a long-term dividend history chart for PNY, which the report stressed as being of key importance.

PNY+Dividend+History+Chart

PNY operates in the Gas Utilities sector, among companies like ONEOK Inc. (OKE), and National Fuel Gas Co. (NFG).

More from Stocks

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain