Piedmont Natural Gas Announces Quarterly Dividend

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Dec 13, 2012, 12:21 ET

CHARLOTTE, N.C., Dec. 13, 2012 /PRNewswire/ -- At its regular quarterly meeting of the Company's Board of Directors, Piedmont Natural Gas (NYSE: PNY) today announced the declaration of a quarterly dividend on Common Stock of 30 cents per share, payable December 31, 2012, to holders of record at the close of business on December 24, 2012. The payment date for the first quarter dividend is being accelerated into calendar 2012 from the typical dividend payment date in January in light of the potential increase in US dividend tax rates in 2013.

About Piedmont Natural Gas
Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation utility customers in portions of North Carolina, South Carolina and Tennessee, including 51,600 customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas transportation and storage and intrastate natural gas transportation businesses. More information about Piedmont Natural Gas is available on the Internet at http://www.piedmontng.com/.

SOURCE Piedmont Natural Gas