Piedmont Natural Gas Announces Regular Quarterly Dividend

CHARLOTTE, N.C., Sept. 7, 2016 /PRNewswire/ -- At its regular quarterly meeting of the Company's Board of Directors, Piedmont Natural Gas (NYSE: PNY) today announced the declaration of a dividend on the outstanding shares of its Common Stock of $0.34 per share, payable on the earlier of the effective date of the acquisition of Piedmont Natural Gas by Duke Energy Corporation (Effective Time) and October 14, 2016.  This dividend will be payable to holders of record at the close of business on the earlier of the business day immediately preceding the Effective Time and September 23, 2016.

About Piedmont Natural Gas

Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, regulated interstate natural gas transportation and storage, and regulated intrastate natural gas transportation businesses. More information about Piedmont Natural Gas is available on the Internet at http://www.piedmontng.com/.

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SOURCE Piedmont Natural Gas