Questar Corp.’s (NYSE:STR) board of directors today approved a 6% increase in the quarterly common stock dividend to 19 cents ($0.19). The dividend, payable June 23, 2014, to shareholders of record on June 6, 2014, is a 1 cent ($0.01) increase from the previous quarter and results in a new annualized dividend rate of 76 cents ($0.76) per share. This is the company’s 278 th consecutive dividend. Questar has increased the dividend 42 times in the last 42 years. About Questar Corporation: Questar is a Rockies-based integrated natural gas company with an enterprise value of about $5.6 billion and three complementary lines of business:
- Questar Gas Company provides retail gas distribution in Utah, Wyoming, and Idaho;
- Wexpro Company develops and produces natural gas from cost-of-service reserves for Questar Gas customers; and
- Questar Pipeline Company operates interstate natural gas pipelines and storage facilities in the western U.S. and provides other energy services.