5 Best Mid-Cap Dividend Aristocrats To Buy

2. National Fuel Gas Company (NYSE:NFG)

Number of Hedge Fund Holders: 30
Market Cap as of April 11: $5.2 billion 

National Fuel Gas Company (NYSE:NFG) is an American natural gas distribution company, headquartered in New York. The company’s cash position remained strong in fiscal Q1 2023 as it reported $327.3 million in operating cash flow, compared with $171.5 million in the prior-year period.

On March 9, National Fuel Gas Company (NYSE:NFG) declared a quarterly dividend of $0.475 per share, which was in line with its previous dividend. The company has been raising its dividends consistently for the past 52 years, coming through as one of the best dividend stocks on our list. The stock has a dividend yield of 3.30%, as of April 11.

At the end of Q4 2022, 30 hedge funds tracked by Insider Monkey owned stakes in National Fuel Gas Company (NYSE:NFG), compared with 29 in the previous quarter. These stakes have a consolidated value of nearly $230 million.

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