National Fuel GAS Co dividend history

National Fuel GAS Co's dividend was $2.10 a share in fiscal 2025, up 4.0% on the year before. That was 36.3% of net income. It has raised its dividend per share every year since fiscal 2010, as far back as our figures go.

Dividends, buybacks and capital spending

FY2026 Q3 TTM

Buybacks (TTM): $0
Dividends (TTM): $198M
Returned to shareholders: 89%; of free cash flow
Buybacks, last 3 fiscal years: $119M
Diluted share count: +2.3%; year over year
Total shareholder yield: 2.6%; dividends 2.6% + buybacks 0.0% of market value
Dividend payout ratio: 29%; of net income paid out

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

National Fuel GAS Co: dividends by fiscal year, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2012Sept 2012	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Dividend per share	$1.36	$1.40	$1.44	$1.60	$1.64	$1.68	$1.72	$1.76	$1.80	$1.86	$1.94	$2.02	$2.10	—
Dividend per share growth	—	+2.9%	+2.9%	+11.1%	+2.5%	+2.4%	+2.4%	+2.3%	+2.3%	+3.3%	+4.3%	+4.1%	+4.0%	—
Dividends paid	110	115	119	135	139	143	147	153	163	168	176	184	188	198
Share buybacks	0	—	—	—	—	—	9	—	4	0	0	64	54	0
Dividends ÷ net income	48.5%	44.3%	54.0%	—	49.1%	36.6%	48.4%	—	44.8%	29.7%	36.9%	237.1%	36.3%	29.4%
Dividends ÷ free cash flow	>999%	—	—	>999%	59.4%	457.7%	—	621.8%	409.6%	>999%	77.5%	136.4%	100.7%	89.2%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Compare with peers

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Figures from National Fuel GAS Co's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to National Fuel GAS Co.