Piedmont Natural Gas Increases Dividend for 38th Consecutive Year

CHARLOTTE, N.C., March 9, 2016 /PRNewswire/ -- The Board of Directors of Piedmont Natural Gas (NYSE: PNY) today approved an increase in the Company's dividend for the 38th consecutive year. At its regularly scheduled meeting, the Board declared a quarterly dividend on Common Stock of 34 cents per share, up 3% from the previous quarterly dividend of 33 cents per share. The increased dividend is payable April 15, 2016, to shareholders of record at the close of business on March 25, 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 utility 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, and 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