DALLAS–(BUSINESS WIRE)–Atmos Energy Corporation (NYSE: ATO) said today that its Board of Directors declared a quarterly dividend increase on the company’s common stock to 42 cents per share. The indicated annual dividend is $1.68, which represents a 7.7 percent increase over the Fiscal 2015 annual dividend of $1.56. This is the 28th consecutive year that the company has increased its dividend.
“As we strive to become the nation’s safest utility, the financial strength of the company allows us to make continued investments in our system, and also provide a return to shareholders,” said Kim Cocklin, chief executive officer of Atmos Energy Corporation. “We are pleased to increase the dividend at a rate that is more closely aligned with our earnings per share growth,” Cocklin concluded.
The dividend will be paid on December 7, 2015, to shareholders of record on November 23, 2015.
Atmos Energy Corporation, headquartered in Dallas, is one of the country’s largest natural-gas-only distributors, serving over three million natural gas distribution customers in over 1,400 communities in eight states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West. Atmos Energy also manages company-owned natural gas pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas and provides natural gas marketing and procurement services to industrial, commercial and municipal customers primarily in the Midwest and Southeast. For more information, visit www.atmosenergy.com.