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Saturday, February 19, 2011

Questar approved a 9% increase in the quarterly common-stock dividend to $0.1525 (STR)

Questar (NYSE: STR) raises its quarterly dividend by 8.9% from 14c to 15.25c per common share.

The dividend is payable on March 21 to shareholders of record on March 4. The ex-dividend date is March 2.

The dividend yield moves from 3.11% to 3.39%.

Questar Corporation, a natural gas-focused energy company, through its subsidiaries, engages in the gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution businesses. It acquires, explores for, develops, and produces natural gas, oil, and natural gas liquids in the Rocky Mountain region of Wyoming, Utah, Colorado, and North Dakota, as well as the Midcontinent region of Oklahoma, Texas, and Louisiana; and manages, develops, and produces reserves for gas utility and sells crude-oil production from certain oil-producing properties. The company also provides midstream field services, including natural gas-gathering and processing for affiliates and third parties; markets equity and third-party natural gas, oil, and natural gas liquids to refiners, remarketers, and other companies; provides risk-management services; and owns and operates an underground gas-storage reservoir.

In addition, it offers interstate natural gas transportation and underground storage services; gas-processing services for third parties; interstate natural gas transportation and storage, and other energy services; and retail natural gas distribution services. As of December 31, 2009, it had estimated proved reserves of 2,746.9 Bcfe; served 898,558 sales and transportation customers; owned 2,568 miles of interstate pipeline with total firm capacity commitments of 4,243 Mdth per day; and owned and operated the 488-mile Southern Trails Pipeline from the Blanco hub in the San Juan Basin to the California state line. Questar Corporation was founded in 1922 and is headquartered in Salt Lake City, Utah.

Disclosure I am Long STR shares. 

1 comment:

  1. Theirs nothing better than a great company like Questar increasing their dividend.