Corning Natural Gas Holding (Corning Natural Gas Holding) Dividend Yield % : 0.00% (As of Apr. 27, 2024)

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What is Corning Natural Gas Holding Dividend Yield %?

As of today (2024-04-27), the Trailing Annual Dividend Yield of Corning Natural Gas Holding is 0.00%.

Warning Sign:

Corning Natural Gas Holding Corp stock dividend yield is close to 10-year low.

The historical rank and industry rank for Corning Natural Gas Holding's Dividend Yield % or its related term are showing as below:

During the past 13 years, the highest Dividend Yield of Corning Natural Gas Holding was 4.09%. The lowest was 0.00%. And the median was 2.90%.

CNIGO.PFD's Dividend Yield % is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 3.88
* Ranked among companies with meaningful Dividend Yield % only.

Corning Natural Gas Holding's Dividend Payout Ratio for the three months ended in Mar. 2022 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Corning Natural Gas Holding Corp is 1.11, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Corning Natural Gas Holding was 1.45. The lowest was 0.00. And the median was 0.71.

As of today (2024-04-27), the Forward Dividend Yield % of Corning Natural Gas Holding is 0.00%.

Corning Natural Gas Holding's Dividends per Share for the three months ended in Mar. 2022 was $0.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 3.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Corning Natural Gas Holding was 58.70% per year. The lowest was 0.00% per year. And the median was 5.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Corning Natural Gas Holding Dividend Yield % Historical Data

The historical data trend for Corning Natural Gas Holding's Dividend Yield % can be seen below:

* 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.

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Corning Natural Gas Holding Dividend Yield % Chart

Corning Natural Gas Holding Annual Data

Trend

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Corning Natural Gas Holding Quarterly Data
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Competitive Comparison of Corning Natural Gas Holding's Dividend Yield %

For the Utilities - Regulated Gas subindustry, Corning Natural Gas Holding's Dividend Yield %, along with its competitors' market caps and 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.

Corning Natural Gas Holding's Dividend Yield % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Corning Natural Gas Holding's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Corning Natural Gas Holding's Dividend Yield % falls into.

Corning Natural Gas Holding Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Corning Natural Gas Holding (OTCPK:CNIGO.PFD) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Corning Natural Gas Holding Dividend Yield % Related Terms

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Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGO.PFD) » Definitions » Dividend Yield %

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 West William Street, Corning, NY, USA, 14830

Website

http://www.corninggas.com

Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.