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Gas industry

Questar Corp. Increases Quarterly Dividend for 22nd Time in 23 Years

Strategic Insights

— 1 min read

Questar Corp., an integrated natural gas company, has approved a $.01-per-share increase in its quarterly common stock dividend to $.295 per share, marking the 22nd dividend increase in 23 years. This move highlights the company's commitment to its shareholders, with 203 consecutive dividend payments without a reduction. The increased dividend represents a 3.5% rise to an annual rate of $1.18, providing a 4.2% yield based on a $28 stock price.

Key Takeaways:

  • Questar Corp. has approved a $.01-per-share increase in its quarterly common stock dividend to $.295 per share, marking the 22nd dividend increase in 23 years.
  • The dividend increase represents a 3.5% rise to an annual rate of $1.18, providing a 4.2% yield based on a $28 stock price.
  • Questar has a history of consistent dividend payments, with 203 consecutive dividend payments without a reduction.
  • The company operates through affiliates in various sectors, including oil and gas exploration and production, interstate natural gas transmission, and retail gas distribution.
  • The dividend increase is payable on September 11, 1995, to shareholders of record on August 18, 1995.
  • Affiliate Mountain Fuel Supply Co. has also approved payment of quarterly dividends on the 8% and 8.625 series of preferred stock, payable on October 2, 1995, to holders of record on September 1, 1995.
  • Questar's Board of Directors has a strong track record of managing the company's finances to benefit its shareholders.

Statistics:

  • $.01-per-share increase in quarterly common stock dividend
  • $.295 per share quarterly dividend rate
  • 22nd dividend increase in 23 years
  • 205 consecutive dividend payments without a reduction
  • 203 consecutive dividend payments made
  • 3.5% rise in dividend rate
  • 4.2% yield based on a $28 stock price
  • Annual dividend rate of $1.18
  • 22 consecutive dividend payments made per year
  • 73.6% increase in dividend rate since 1988 (from $.170 to $.295)
  • 4.8% increase in dividend rate over the past 5 years (from $.264 to $.295)

Sources:

Questar Corp. press release, PR Newswire, August 7, 1995

/CONTACT: R. Curtis Burnett of Questar, 801-534-5541/(STR) CO: Questar Corp. ST: Utah IN: OIL SU: DIV EQ-JP -- LA054 -- 2305 08/07/95 19:12 EDT

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