Natural Gas Services Group (NGS) is one of the New Dividend Paying Companies

Natural Gas Services Group, Inc. (NYSE:NGS) is included among the 13 Companies that Just Started Paying Dividends.

On July 30, Natural Gas Services Group, Inc. (NYSE:NGS) boosted capitalist assurance arsenic the committee approved the company’s archetypal quarterly currency dividend, acceptable astatine $0.10 per communal share. On an yearly basis, that equals $0.40 per share. For shareholders who person followed the institution for years, the determination stood retired arsenic a wide displacement successful however NGS plans to instrumentality capital.

Justin Jacobs, Chief Executive Officer of NGS, said the determination marked an important infinitesimal for the company. He pointed to beardown fiscal results and management’s assurance successful the semipermanent outlook of the business. In his view, the dividend reflects a committedness to gathering worth that lasts, not conscionable delivering short-term performance.

Jacobs besides said the timing was intentional. The institution continues to grow, summation marketplace share, and run with debased leverage. Its equilibrium expanse remains a cardinal strength, 1 helium described arsenic among the champion successful the industry. Management sees this archetypal dividend arsenic the archetypal measurement successful a broader superior instrumentality strategy, with country to grow arsenic the concern scales and continues to outpace competitors.

That connection carried into the fall. When NGS reported third-quarter net successful November, the institution raised its quarterly currency dividend to $0.11 per share, up from $0.10 successful the erstwhile quarter. The summation reinforced management’s assurance successful currency procreation and its disciplined attack to superior allocation.

Natural Gas Services Group, Inc. (NYSE:NGS) provides earthy state compression equipment, technology, and services to the vigor industry.

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