In trading on Friday, shares of Piedmont Natural Gas Co., Inc. (PNY) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.16), with the stock changing hands as low as $28.80 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. According to the ETF Finder at ETF Channel, PNY makes up 9.29% of the S&P SmallCap Utilities Portfolio ETF (PSCU) which is trading lower by about 0.2% on the day Friday.
Source: Forbes
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