Piedmont Natural Gas Co. (PNY) Raises Dividend for 34th Consecutive Year; 3.7% Yield

Piedmont Natural Gas Co. (NYSE: PNY) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. This is a 3.4% increase from the prior dividend of $0.29. This is the 34th consecutive year of dividend increases for the corporation.

The dividend will be payable on April 13, 2012, to stockholders of record on March 23, 2012, with an ex-dividend date of March 21, 2012. The annual yield on the dividend is 3.7 percent.

Also, at today's Annual Meeting of Shareholders, four members of the Board of Directors were re-elected: E. James Burton, John W. Harris, Aubrey B. Harwell, Jr., and David E. Shi.

For a dividend history and other dividend-related data on Piedmont Natural Gas Co. (PNY) click here.

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