Piedmont Natural Gas Increases Dividend for 36th Consecutive Year

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Mar 06, 2014, 11:58 ET

CHARLOTTE, N.C., March 6, 2014 /PRNewswire/ -- The Board of Directors of Piedmont Natural Gas (NYSE: PNY) today approved an increase in the Company's dividend for the 36th consecutive year. At its regularly scheduled meeting, the Board declared a quarterly dividend on Common Stock of 32 cents per share, up 3.2% from the previous quarterly dividend of 31 cents per share. The increased dividend is payable April 15, 2014, to shareholders of record at the close of business on March 25, 2014. Also, at today's Annual Meeting of Shareholders, three members of the Board of Directors were re-elected for a three-year term: Malcolm E. Everett, III, Frank B. Holding, Jr., and Minor M. Shaw. Michael C. Tarwater, who was appointed to the Board effective November 1, 2013, was also elected for a three-year term.

Conference Call

Piedmont Natural Gas will conduct its 2014 first quarter conference call, broadcast live over the internet on Friday, March 7, 2014 at 10:00 a.m. Eastern Time. Hosting the conference call will be Chairman, President and Chief Executive Officer Thomas E. Skains. Simply log on to the web at www.piedmontng.com and click on "For Investors." The conference call will be archived on the Presentation page of the website within the "For Investors" section.

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 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 regulated 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