PR Newswire
HOUSTON, May 3, 2017
HOUSTON, May 3, 2017 /PRNewswire/ -- Cabot Oil & Gas
Corporation (NYSE: COG) today announced that its Board of Directors declared a 150 percent increase in its regular quarterly
dividend to five cents ($0.05) per share on the Company's common
stock. The dividend will be paid on May 31, 2017 to all shareholders of record as of the close of
business on May 17, 2017.
"With the momentum of our Marcellus operations from both the macro commodity and pipeline infrastructure outlooks, along with
our expectation for continued positive free cash flow generation, our Board agreed with management's recommendation to increase
the dividend," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "Last
week on our conference call I reviewed our uses for free cash flow highlighting returning cash to shareholders as an important
consideration under our plan. Today marks a first step."
Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent
natural gas producer, with its entire resource base located in the continental United States. For additional information,
visit the Company's homepage at www.cabotog.com
.
FOR MORE INFORMATION CONTACT
Matt Kerin (281) 589-4642
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SOURCE Cabot Oil & Gas Corporation