During the past 12 months, National Fuel Gas Co's average Dividends Per Share Growth Rate was 3.90% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 4.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 3.70% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 2.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of National Fuel Gas Co was 30.20% per year. The lowest was 2.30% per year. And the median was 3.30% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
National Fuel Gas Co (NYSE:NFG) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
National Fuel Gas Co Forward Dividend Yield % Related Terms
NFG vs DEC, UNTC, SLNG: Forward Dividend Yield % Comparison
For the Oil & Gas Integrated subindustry, National Fuel Gas Co's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Fuel Gas Co Forward Dividend Yield % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Fuel Gas Co's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where National Fuel Gas Co's Forward Dividend Yield % falls into.
National Fuel Gas Co Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
National Fuel Gas Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.535000
2026-03-31
2026-03-31
2026-04-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.535000
2025-12-31
2025-12-31
2026-01-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.535000
2025-09-30
2025-09-30
2025-10-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.535000
2025-06-30
2025-06-30
2025-07-15
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
National Fuel Gas Co's Forward Annual Dividend Yield (%) for Today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 2.93% mean?
National Fuel Gas Co (NFG) has a Forward Dividend Yield % of 2.93% as of Jun. 25, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on National Fuel Gas Co and its competitors. According to the industry distribution chart, National Fuel Gas Co ranks #320 out of 491 companies in the Oil & Gas industry, placing it in the top 65.2%.
Is National Fuel Gas Co's Forward Dividend Yield % too high?
National Fuel Gas Co's current Forward Dividend Yield % is 2.93%. The Oil & Gas industry median Forward Dividend Yield % is 4.07. National Fuel Gas Co's value of 2.93% is 28% below this industry median. Based on the distribution chart, National Fuel Gas Co ranks #320 out of 491 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, National Fuel Gas Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Fuel Gas Co's Forward Dividend Yield % compare to DEC and UNTC?
According to the Oil & Gas industry distribution chart, National Fuel Gas Co ranks #320 out of 491 companies for Forward Dividend Yield %. This places National Fuel Gas Co in the lower half of its industry. The industry median Forward Dividend Yield % is 4.07. National Fuel Gas Co's value of 2.93% is 28% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for an Oil & Gas company?
The median Forward Dividend Yield % among Oil & Gas companies is 4.07, based on 491 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fuel Gas Co's current Forward Dividend Yield % of 2.93% is 28% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on National Fuel Gas Co and its competitors. For the Oil & Gas industry, the median Forward Dividend Yield % is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fuel Gas Co's current Forward Dividend Yield % is 2.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Fuel Gas Co stock overvalued right now?
Based on GuruFocus' analysis, National Fuel Gas Co (NFG) is currently considered Fairly Valued. The stock's GF Value™ is $78.57, compared to a current price of $76.63 — trading 2.5% below its estimated fair value. The current Forward Dividend Yield % is 2.93% and 28% below the Oil & Gas industry median of 4.07. National Fuel Gas Co's overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current Forward Dividend Yield % is 2.93% as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Fuel Gas Co (NFG) Overvalued in 2026?
Based on GuruFocus' analysis, National Fuel Gas Co stock appears to be undervalued.
The current stock price of $76.63 is trading 2.5% below its estimated GF Value™ of $78.57.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for NFG:
Forward Dividend Yield %: 2.93%
GF Value™: $78.57 vs. price of $76.63 (2.5% below fair value)
Industry Position: 28% below the Oil & Gas median (#320 of 491)
No single metric tells the full story. See the NFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Fuel Gas Co is a diversified energy company involved in natural gas production, gathering, transportation, distribution, and marketing. It operates through three segments: Integrated Upstream and Gathering, Pipeline and Storage, and Utility. The majority of revenue comes from the Integrated Upstream and Gathering segment, which focuses on Seneca's natural gas exploration and development in the Appalachian region and Midstream operations supporting gas processing and gathering. The Pipeline and Storage segment transports and stores natural gas for customers in the northeastern United States and Canada, while the Utility segment supplies natural gas to retail customers in western New York and northwestern Pennsylvania. the company opeartes in United States.
86GF Score
Get the complete analysis for NFG
Forward Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NFG has been successfully added to your 