Gas Natural Inc. (NYSE Amex: EGAS) , a natural gas utility company serving approximately 62,000 customers in six states, has announced that its Board of Directors declared a monthly dividend of $0.045 per share to shareholders of record as of December 15, 2010. The dividend will be payable on December 31, 2010.
Gas Natural Inc. engages in the distribution and sale of natural gas to residential, commercial, and industrial customers in Montana, Wyoming, North Carolina, and Maine. The company distributes approximately 29 billion cubic feet of natural gas to approximately 62,000 customers through regulated utilities operating in and around Great Falls and West Yellowstone, Montana; Cody, Wyoming; Bangor, Maine; Elkin, North Carolina; and various cities in Ohio and western Pennsylvania. It also markets approximately 2.4 billion cubic feet of natural gas to commercial and industrial customers in Montana and Wyoming, and manages midstream supply and production assets for transportation customers and utilities. In addition, the company owns a 48% working interest in 160 natural gas producing wells and gas gathering assets. Further, it owns the Shoshone interstate and the Glacier gathering natural gas pipelines located in Montana and Wyoming. The company was formerly known as Energy, Inc. and changed its name to Gas Natural Inc. on July 9, 2010. Gas Natural Inc. was founded in 1909 and is headquartered in Great Falls, Montana.
Disclosure I am long EGAS shares.
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