5 Cheapest Dividend Aristocrats Right Now

2. National Fuel Gas Company (NYSE:NFG)

Forward P/E Ratio as of February 2: 8.60

National Fuel Gas Company (NYSE:NFG) is a New York-based diversified energy company. With a forward P/E ratio of 8.60, the company is among the cheapest dividend aristocrats on our list. In fiscal Q1 2023, it reported an operating cash flow of $327.3 million, which showed a 91% growth from the same period last year. The company’s revenue for the quarter came in at $658.8 million, up 20.5% from the prior-year period.

National Fuel Gas Company (NYSE:NFG) currently pays a quarterly dividend of $0.475 per share and has a dividend yield of 3.28%, as of February 2. The company has been raising its dividends consistently for the past 52 years.

At the end of September 2022, 29 hedge funds in Insider Monkey’s database reported owning stakes in National Fuel Gas Company (NYSE:NFG), up from 23 in the preceding quarter. The collective value of these stakes is roughly $219 million. Among these hedge funds, GAMCO Investors was the company’s leading stakeholder in Q3.