|Piedmont Natural Gas Increases Dividend for 34th Consecutive Year|
CHARLOTTE, N.C., March 8, 2012 /PRNewswire/ -- The Board of Directors of Piedmont Natural Gas (NYSE: PNY) today approved an increase in the Company's dividend for the 34th consecutive year. At its regularly scheduled meeting, the Board declared a quarterly dividend on Common Stock of 30 cents per share, a 3.4 percent increase over the previous quarterly dividend of 29 cents per share. The increased dividend is payable April 13, 2012, to shareholders of record at the close of business on March 23, 2012.
In addition to raising dividends for 34 consecutive years, if one is reinvesting the dividends, TD Ameritrade and Fidelity will pass along a 5% discount on the reinvested dividend share price.