Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does National Fuel Gas (NFG) have what it takes?
With the S&P 500 and Nasdaq near record highs, it may be a good time to buy utility stocks which can serve as defensive investments during market corrections.
National Fuel Gas (NFG) makes a strong investment case, given its estimate revisions, strong earnings surprise history and systematic capital expenditure.
National Fuel Gas has a strong history of increasing dividends for over 50 years despite operating in a cyclical sector. Natural gas prices are expected to be lower for the remainder of the fiscal year, but the company is forecasting just a small decline in earnings-per-share for 2024. Shares are undervalued relative to their historical average and offer a solid, safe yield, with the potential for double-digit returns, making the stock a buy.
National Fuel Gas (NFG) continues to increase shareholders' value, as its board of directors approves a 4% quarterly dividend hike.
National Fuel Gas (NFG) reported earnings 30 days ago. What's next for the stock?