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National Fuel Declares Quarterly Dividend, Accelerates Payment



  National Fuel Declares Quarterly Dividend, Accelerates Payment

Business Wire

WILLIAMSVILLE, N.Y. -- December 06, 2012

The Board of Directors of National Fuel Gas Company (“Company” or “National
Fuel”) (NYSE:NFG) today approved payment of a regular quarterly dividend of
36.5 cents per share on the Company’s common stock. The dividend is payable
Dec. 28, 2012, to shareholders of record at the close of business on Dec. 17,
2012.

The Company has approximately 83.4 million shares of common stock outstanding.
It has no preferred stock outstanding.

National Fuel has paid dividends for 110 consecutive years and has increased
its annual dividend for 42 straight years. In June 2012, the dividend
increased 2.8 percent.

“The Board of Directors chose to accelerate the payment to benefit
shareholders affected by a potential increase in the tax rate on dividends in
2013,” said David F. Smith, Chairman and CEO of National Fuel Gas Company.
“Moving our dividend payment up to the end of 2012 is in the best interest of
our shareholders due to the complex fiscal and federal tax rate issues that
may not be resolved in the next few weeks. We are pleased to move this
quarterly payment to this tax year so that our shareholders who depend on
these dividends may realize a greater benefit.”

Smith continued, “We have long supported the efforts of the national
grassroots advocacy campaign ‘Defend My Dividend,’ which seeks to extend the
current federal tax rate for dividends. We know the importance of our dividend
to our shareholders from all age groups and income levels who rely on payments
as a steady source of income.”

For more information about the “Defend My Dividend” initiative, visit the
Investor Relations page of the Company’s website at
investor.nationalfuelgas.com. Shareholders concerned about pending dividend
tax changes should contact their U.S. Congress and Senate representatives.

National Fuel Gas Company is an integrated energy company with $5.9 billion in
assets distributed among the following four operating segments: Exploration
and Production, Pipeline and Storage, Utility, and Energy Marketing.
Additional information about National Fuel is available on its website at
www.nationalfuelgas.com or through its investor information service at
1-800-334-2188.

Contact:

National Fuel Gas Company
Analyst:
Timothy J. Silverstein, 716-857-6987
or
Media:
Donna L. DeCarolis, 716-857-7872
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