Gas Natural (EGAS) Lowers Annual Dividend 44.4% to $0.075; 1% Yield
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Gas Natural Inc. Aligns Dividend with Growth Plans
April 5, 2016 6:55 AM EDTCLEVELAND, April 5, 2016 /PRNewswire/ -- Gas Natural Inc. (NYSE MKT: EGAS) (the "Company"), a holding company operating local natural gas utilities serving approximately 68,000 customers in four states, announced that its Board of Directors declared the first dividend of 2016 to be $0.075 per share. The dividend will be payable on April 27, 2016 to shareholders of record as of April 15, 2016. This corresponds to an annual dividend rate of $0.30 per share, with the Company's intentions to establish a regular quarterly dividend schedule going forward.
Mr. Gregory J. Osborne, Gas Natural's President and Chief Executive Officer,... More
