Dividend History

Forward Looking Statement Disclosure

Forward-looking statements include statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. From time to time, the Company may publish or otherwise make available forward-looking statements of this nature. All such subsequent forward-looking statements, whether written or oral and whether made by or on behalf of the Company, are also expressly qualified by these cautionary statements. Certain statements contained in this report, including, without limitation, statements regarding future prospects, plans, objectives, goals, projections, estimates of oil and gas quantities, strategies, future events or performance and underlying assumptions, capital structure, anticipated capital expenditures, completion of construction projects, projections for pension and other post-retirement benefit obligations, impacts of the adoption of new accounting rules, and possible outcomes of litigation or regulatory proceedings, as well as statements that are identified by the use of the words “anticipates,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “predicts,” “projects,” “believes,” “seeks,” “will,” “may,” and similar expressions, are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 and accordingly involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company’s expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors and matters discussed elsewhere herein, the following are important factors that, in the view of the Company, could cause actual results to differ materially from those discussed in the forward-looking statements:

  1. The Company's ability to successfully integrate acquired assets, including Shell's upstream assets and midstream gathering assets in Pennsylvania, and achieve expected cost synergies;
  2. The length and severity of the recent COVID-19 pandemic, including its impacts across our businesses on demand, operations, global supply chains and liquidity;
  3. Changes in economic conditions, including global, national or regional recessions, and their effect on the demand for, and customers’ ability to pay for, the Company’s products and services;
  4. Changes in the price of natural gas or oil;
  5. Impairments under the SEC’s full cost ceiling test for natural gas and oil reserves;
  6. The creditworthiness or performance of the Company’s key suppliers, customers and counterparties;
  7. Financial and economic conditions, including the availability of credit, and occurrences affecting the Company’s ability to obtain financing on acceptable terms for working capital, capital expenditures and other investments, including any downgrades in the Company’s credit ratings and changes in interest rates and other capital market conditions;
  8. Changes in laws, regulations or judicial interpretations to which the Company is subject, including those involving derivatives, taxes, safety, employment, climate change, other environmental matters, real property, and exploration and production activities such as hydraulic fracturing;
  9. Delays or changes in costs or plans with respect to Company projects or related projects of other companies, including disruptions due to the COVID-19 pandemic, as well as difficulties or delays in obtaining necessary governmental approvals, permits or orders or in obtaining the cooperation of interconnecting facility operators;
  10. The Company's ability to complete planned strategic transactions;
  11. Governmental/regulatory actions, initiatives and proceedings, including those involving rate cases (which address, among other things, target rates of return, rate design and retained natural gas), environmental/safety requirements, affiliate relationships, industry structure, and franchise renewal;
  12. Changes in price differentials between similar quantities of natural gas or oil at different geographic locations, and the effect of such changes on commodity production, revenues and demand for pipeline transportation capacity to or from such locations;
  13. The impact of information technology disruptions, cybersecurity or data security breaches;
  14. Factors affecting the Company’s ability to successfully identify, drill for and produce economically viable natural gas and oil reserves, including among others geology, lease availability, title disputes, weather conditions, shortages, delays or unavailability of equipment and services required in drilling operations, insufficient gathering, processing and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations;
  15. Increasing health care costs and the resulting effect on health insurance premiums and on the obligation to provide other post-retirement benefits; 
  16. Other changes in price differentials between similar quantities of natural gas or oil having different quality, heating value, hydrocarbon mix or delivery date;
  17. The cost and effects of legal and administrative claims against the Company or activist shareholder campaigns to effect changes at the Company;
  18. Uncertainty of oil and gas reserve estimates;
  19. Significant differences between the Company’s projected and actual production levels for natural gas or oil;
  20. Changes in demographic patterns and weather conditions;
  21. Changes in the availability, price or accounting treatment of derivative financial instruments;
  22. Changes in laws, actuarial assumptions, the interest rate environment and the return on plan/trust assets related to the Company’s pension and other post-retirement benefits, which can affect future funding obligations and costs and plan liabilities;
  23. Economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities or acts of war;
  24. Significant differences between the Company’s projected and actual capital expenditures and operating expenses; or
  25. Increasing costs of insurance, changes in coverage and the ability to obtain insurance.

The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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Dividend & Stock Split History

Payable Date Amount Type
10/15/20 $0.445 Regular Cash
07/15/20 $0.445 Regular Cash
04/15/20 $0.435 Regular Cash
01/15/20 $0.435 Regular Cash
Payable Date Amount Type
10/15/19 $0.435 Regular Cash
07/15/19 $0.435 Regular Cash
03/15/19 $0.425 Regular Cash
01/15/19 $0.425 Regular Cash
Payable Date Amount Type
10/15/18 $0.425 Regular Cash
07/13/18 $0.425 Regular Cash
04/13/18 $0.415 Regular Cash
01/12/18 $0.415 Regular Cash
Payable Date Amount Type
10/13/17 $0.415 Regular Cash
07/14/17 $0.415 Regular Cash
04/14/17 $0.405 Regular Cash
01/13/17 $0.405 Regular Cash
Payable Date Amount Type
10/14/16 $0.405 Regular Cash
07/15/16 $0.405 Regular Cash
04/15/16 $0.395 Regular Cash
01/15/16 $0.395 Regular Cash
Payable Date Amount Type
10/15/15 $0.395 Regular Cash
07/15/15 $0.395 Regular Cash
04/15/15 $0.385 Regular Cash
01/15/15 $0.385 Regular Cash
Payable Date Amount Type
10/15/14 $0.385 Regular Cash
07/15/14 $0.385 Regular Cash
04/15/14 $0.375 Regular Cash
01/15/14 $0.375 Regular Cash
Payable Date Amount Type
10/15/13 $0.375 Regular Cash
07/15/13 $0.375 Regular Cash
04/15/13 $0.365 Regular Cash
Payable Date Amount Type
12/28/12 $0.365 Regular Cash
10/15/12 $0.365 Regular Cash
07/13/12 $0.365 Regular Cash
04/13/12 $0.355 Regular Cash
01/13/12 $0.355 Regular Cash
Payable Date Amount Type
10/15/11 $0.355 Regular Cash
07/15/11 $0.355 Regular Cash
04/15/11 $0.345 Regular Cash
01/14/11 $0.345 Regular Cash
Payable Date Amount Type
10/15/10 $0.345 Regular Cash
07/15/10 $0.345 Regular Cash
04/15/10 $0.335 Regular Cash
01/15/10 $0.335 Regular Cash
Payable Date Amount Type
10/15/09 $0.335 Regular Cash
07/15/09 $0.335 Regular Cash
04/15/09 $0.325 Regular Cash
01/15/09 $0.325 Regular Cash
Payable Date Amount Type
10/15/08 $0.325 Regular Cash
07/15/08 $0.325 Regular Cash
04/15/08 $0.31 Regular Cash
01/15/08 $0.31 Regular Cash
Payable Date Amount Type
10/15/07 $0.31 Regular Cash
07/16/07 $0.31 Regular Cash
04/16/07 $0.30 Regular Cash
01/16/07 $0.30 Regular Cash
Payable Date Amount Type
10/16/06 $0.30 Regular Cash
07/17/06 $0.30 Regular Cash
04/15/06 $0.29 Regular Cash
01/13/06 $0.29 Regular Cash
Payable Date Amount Type
10/15/05 $0.29 Regular Cash
07/15/05 $0.29 Regular Cash
04/15/05 $0.28 Regular Cash
01/15/05 $0.28 Regular Cash
Payable Date Amount Type
10/15/04 $0.28 Regular Cash
07/15/04 $0.28 Regular Cash
04/15/04 $0.27 Regular Cash
01/15/04 $0.27 Regular Cash
Payable Date Amount Type
10/15/03 $0.27 Regular Cash
07/15/03 $0.27 Regular Cash
04/15/03 $0.26 Regular Cash
01/15/03 $0.26 Regular Cash
Payable Date Amount Type
10/15/02 $0.26 Regular Cash
07/15/02 $0.26 Regular Cash
04/15/02 $0.2525 Regular Cash
01/15/02 $0.2525 Regular Cash
Payable Date Amount Type
10/15/01 $0.2525 Regular Cash
09/07/01 2 for 1 stock split
07/16/01 $0.2525 Regular Cash
04/16/01 $0.24 Regular Cash
01/15/01 $0.24 Regular Cash
Payable Date Amount Type
10/13/00 $0.24 Regular Cash
07/15/00 $0.24 Regular Cash
04/15/00 $0.2325 Regular Cash
01/14/00 $0.2325 Regular Cash
Payable Date Amount Type
10/15/99 $0.2325 Regular Cash
07/15/99 $0.2325 Regular Cash
04/15/99 $0.225 Regular Cash
01/15/99 $0.225 Regular Cash
Payable Date Amount Type
10/15/98 $0.225 Regular Cash
07/15/98 $0.225 Regular Cash
04/15/98 $0.2175 Regular Cash
01/15/98 $0.2175 Regular Cash
Payable Date Amount Type
10/15/97 $0.2175 Regular Cash
07/15/97 $0.2175 Regular Cash
04/15/97 $0.21 Regular Cash
01/15/97 $0.21 Regular Cash
Payable Date Amount Type
10/15/96 $0.21 Regular Cash
07/15/96 $0.21 Regular Cash
04/15/96 $0.2025 Regular Cash
01/15/96 $0.2025 Regular Cash
Payable Date Amount Type
10/15/95 $0.2025 Regular Cash
07/15/95 $0.2025 Regular Cash
04/15/95 $0.1975 Regular Cash
01/15/95 $0.1975 Regular Cash
Payable Date Amount Type
10/15/94 $0.1975 Regular Cash
07/15/94 $0.1975 Regular Cash
04/15/94 $0.1925 Regular Cash
01/15/94 $0.1925 Regular Cash
Payable Date Amount Type
10/15/93 $0.1925 Regular Cash
07/15/93 $0.1925 Regular Cash
04/15/93 $0.1875 Regular Cash
01/15/93 $0.1875 Regular Cash
Payable Date Amount Type
10/15/92 $0.1875 Regular Cash
07/15/92 $0.1875 Regular Cash
04/15/92 $0.1825 Regular Cash
01/15/92 $0.1825 Regular Cash
Payable Date Amount Type
10/15/91 $0.1825 Regular Cash
07/15/91 $0.1825 Regular Cash
04/15/91 $0.1775 Regular Cash
01/15/91 $0.1775 Regular Cash
Payable Date Amount Type
10/15/90 $0.1775 Regular Cash
07/15/90 $0.1775 Regular Cash
04/15/90 $0.1675 Regular Cash
01/15/90 $0.1675 Regular Cash
Payable Date Amount Type
10/15/89 $0.1675 Regular Cash
07/15/89 $0.1675 Regular Cash
04/15/89 $0.158 Regular Cash
01/15/89 $0.158 Regular Cash
Payable Date Amount Type
10/15/88 $0.158 Regular Cash
07/15/88 $0.158 Regular Cash
04/15/88 $0.150 Regular Cash
01/15/88 $0.150 Regular Cash
Payable Date Amount Type
10/15/87 $0.150 Regular Cash
07/15/87 $0.150 Regular Cash
06/17/87 2 for 1 stock split
04/15/87 $0.142 Regular Cash
01/15/87 $0.142 Regular Cash
Payable Date Amount Type
10/15/86 $0.142 Regular Cash
07/15/86 $0.142 Regular Cash
04/15/86 $0.130 Regular Cash
01/15/86 $0.130 Regular Cash
Payable Date Amount Type
10/15/85 $0.130 Regular Cash
07/15/85 $0.130 Regular Cash
04/15/85 $0.117 Regular Cash
01/15/85 $0.117 Regular Cash
Payable Date Amount Type
10/15/84 $0.117 Regular Cash
07/15/84 $0.117 Regular Cash
05/25/84 10% common stock dividend
05/21/84 2 for 1 stock split
04/15/84 $0.098 Regular Cash
01/15/84 $0.098 Regular Cash
Payable Date Amount Type
10/15/83 $0.098 Regular Cash
07/15/83 $0.098 Regular Cash
04/15/83 $0.090 Regular Cash
01/15/83 $0.090 Regular Cash
Payable Date Amount Type
10/15/82 $0.090 Regular Cash
07/15/82 $0.090 Regular Cash
04/15/82 $0.082 Regular Cash
01/15/82 $0.082 Regular Cash
Payable Date Amount Type
10/15/81 $0.082 Regular Cash
07/15/81 $0.082 Regular Cash
04/15/81 $0.0767 Regular Cash
01/15/81 $0.0767 Regular Cash
Payable Date Amount Type
10/15/80 $0.0767 Regular Cash
07/15/80 $0.0767 Regular Cash
04/15/80 $0.072 Regular Cash
01/15/80 $0.072 Regular Cash
Payable Date Amount Type
10/15/79 $0.072 Regular Cash
07/15/79 $0.072 Regular Cash
04/15/79 $0.0676 Regular Cash
01/15/79 $0.0676 Regular Cash
Payable Date Amount Type
10/15/78 $0.0676 Regular Cash
07/15/78 $0.0676 Regular Cash
04/15/78 $0.0636 Regular Cash
01/15/78 $0.0636 Regular Cash
Payable Date Amount Type
10/15/77 $0.0636 Regular Cash
07/15/77 $0.0614 Regular Cash
04/15/77 $0.0614 Regular Cash
01/15/77 $0.0614 Regular Cash
Payable Date Amount Type
10/15/76 $0.0614 Regular Cash
07/15/76 $0.0614 Regular Cash
04/15/76 $0.0585 Regular Cash
01/15/76 $0.0585 Regular Cash
Payable Date Amount Type
10/15/75 $0.0585 Regular Cash
07/15/75 $0.0568 Regular Cash
04/15/75 $0.0568 Regular Cash
01/15/75 $0.0568 Regular Cash
Payable Date Amount Type
10/15/74 $0.0568 Regular Cash
07/15/74 $0.054 Regular Cash
04/15/74 $0.054 Regular Cash
01/15/74 $0.054 Regular Cash
Payable Date Amount Type
10/15/73 $0.054 Regular Cash
07/15/73 $0.051 Regular Cash
04/15/73 $0.051 Regular Cash
01/15/73 $0.051 Regular Cash
Payable Date Amount Type
10/15/72 $0.0494 Regular Cash
07/15/72 $0.0494 Regular Cash
04/15/72 $0.0494 Regular Cash
01/15/72 $0.0494 Regular Cash
Payable Date Amount Type
10/15/71 $0.0477 Regular Cash
07/15/71 $0.0477 Regular Cash
04/15/71 $0.0477 Regular Cash
01/15/71 $0.0477 Regular Cash
Payable Date Amount Type
10/15/70 $0.0477 Regular Cash
07/15/70 $0.0477 Regular Cash
04/15/70 $0.0477 Regular Cash
01/15/70 $0.0477 Regular Cash
Payable Date Amount Type
10/15/69 $0.0477 Regular Cash
07/15/69 $0.0477 Regular Cash