Dividends News: Gas Natural To Pay 45 Cents
October 18, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) – Gas Natural Inc. (AMEX: EGAS) said that its board of directors has declared a monthly dividend of $0.045 per share to shareholders of record as of October 15. The dividend will be payable on October 29.
Montana-based Gas Natural distributes and sells natural gas to end-use residential, commercial, and industrial customers. The firm distributes around 29 billion cubic feet of natural gas to around 62,000 customers through regulated utilities operating in Montana, Wyoming, Ohio, Pennsylvania, Maine and North Carolina.
The company markets around 2.4 billion cubic feet of natural gas to commercial and industrial customers in Montana and Wyoming on an unregulated basis.
Gas Natural also has ownership interests in 160 natural gas producing wells and gas gathering assets. In addition, the company owns the Shoshone interstate and the Glacier gathering pipelines located in Montana and Wyoming.
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