National Fuel Declares Quarterly Dividend and Reports Preliminary Voting Results from Annual Meeting of Stockholders
March 11 2020 - 10:59AM
The Board of Directors of National Fuel Gas Company (NYSE:NFG)
today approved payment of a regular quarterly dividend of $0.435
per share on the Company’s common stock. The dividend is payable
April 15, 2020, to stockholders of record at the close of business
on March 31, 2020. The Company has approximately 86.6 million
shares of common stock outstanding. It has no preferred stock
outstanding.
At the Annual Meeting of Stockholders, held
today, the Company announced preliminary results of the stockholder
vote on three management proposals and a stockholder proposal.
Approved was the election of new directors David P. Bauer and
Barbara Baumann for one-year terms. David H. Anderson was also
elected for a one-year term. Jeffrey W. Shaw, Thomas E. Skains, and
Ronald J. Tanski were elected as directors for three-year terms
expiring in 2023. Stephen E. Ewing concluded his service to the
board, in accordance with the Company’s Corporate Governance
Guidelines. Jeffrey Shaw has been selected to serve as lead
independent director for the Board.
Also approved was the advisory vote on named
executive officer compensation and the ratification of the
appointment of PricewaterhouseCoopers LLP as the Company’s
independent registered public accounting firm. A stockholder
proposal requesting that the Company’s Board of Directors undertake
the necessary steps to declassify the Board received support from a
majority of shares voted.
National Fuel is a diversified energy company
headquartered in Western New York that operates an integrated
collection of natural gas and oil assets across business segments:
Exploration & Production, Pipeline & Storage, Gathering and
Utility. Additional information about National Fuel is available at
www.nationalfuel.com.
Analyst Contact: |
Kenneth E.
Webster |
716-857-7067 |
|
Media Contact: |
Karen L. Merkel |
716-857-7654 |
|
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