Questar Increases Quarterly Dividend 11% and Raises Target Payout Ratio to 65%
Questar Corp.’s (NYSE:STR) board of directors today approved an 11% increase in the quarterly common stock cash dividend to 21 cents ($0.21). The dividend, payable March 16, 2015, to shareholders of record on February 27, 2015, is a 2 cent ($0.02) increase from the previous quarter and results in a new annualized dividend rate of 84 cents ($0.84) per share. Questar also announced that it raised its target dividend payout ratio to 65% from 60%. This is the company’s 281st consecutive dividend. Questar has increased the dividend 43 times in the last 43 years.
About Questar Corporation:
Questar is a Rockies-based integrated natural gas company with an enterprise value of about $6 billion and three complementary lines of business:
- Questar Gas Company provides retail gas distribution in Utah, Wyoming, and Idaho;
- Wexpro Company develops and produces natural gas from cost-of-service reserves for Questar Gas customers; and
- Questar Pipeline Company operates interstate natural gas pipelines and storage facilities in the western U.S. and provides other energy services.
Questar is headquartered in Salt Lake City, Utah.
For more information, visit Questar’s website at: http://www.questar.com.
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