30 Growing Dividend Stocks with Low PE Ratios

8. National Fuel Gas Company (NYSE:NFG)

Forward P/E Ratio as of April 22: 11.45

National Fuel Gas Company (NYSE:NFG) is a New York-based diversified energy company that is engaged in the exploration and development of natural gas and oil reserves. The stock is performing well this year, surging by over 27% since the start of 2025, significantly outperforming the broader market.

In fiscal Q1 2025, National Fuel Gas Company (NYSE:NFG) posted revenue of $549.4 million, reflecting a 4.59% increase from the same period last year. The Pipeline & Storage segment saw a $8.4 million (35%) boost in net income, mainly due to the implementation of higher rates following the Supply Corporation rate case settlement effective February 1, 2024. The Utility segment also performed well, with net income climbing $5.9 million (22%), supported by a three-year rate agreement in its New York service area.

Buoyed by rising natural gas prices and stronger performance across its business segments, National Fuel Gas Company (NYSE:NFG) raised its fiscal 2025 adjusted EPS guidance to between $6.50 and $7.00. NFG also maintained a healthy balance sheet, producing over $220 million in operating cash flow during the quarter. The company continues to stand out for its consistent shareholder returns, with 54 consecutive years of dividend growth and a 121-year track record of uninterrupted dividend payments. Its quarterly dividend sits at $0.515 per share for a dividend yield of 2.63%, as of April 22.