NATIONAL FUEL GAS COMPANY

NATIONAL FUEL GAS COMPANY

March 10, 2005 15:00 ET

National Fuel Declares Quarterly Dividend


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NATIONAL FUEL GAS COMPANY

NYSE SYMBOL: NFG

MARCH 10, 2005 - 15:00 ET

National Fuel Declares Quarterly Dividend

WILLIAMSVILLE, N.Y.--(CCNMatthews - Mar 10, 2005) -

The Board of Directors of National Fuel Gas Company (NYSE:NFG) today
approved payment of a regular quarterly dividend of 28 cents per share
on the Company's common stock. The dividend is payable April 15, 2005,
to shareholders of record on March 31, 2005.

National Fuel has paid dividends for 102 consecutive years and has
increased its annual dividend rate for 34 consecutive years. In June
2004, the dividend was increased by nearly four percent to its current
annual rate of $1.12 per share.

The Company has approximately 83.2 million shares of common stock
outstanding. It has no preferred stock outstanding.

National Fuel is an integrated energy company with $3.9 billion in
assets comprising six operating segments: Utility, Pipeline and Storage,
Exploration and Production, International, Energy Marketing, and Timber.
Additional information about National Fuel is available at
http://www.nationalfuelgas.com or through its investor information
service at 1-800-334-2188.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    National Fuel Gas Company
    Media:
    Julie Coppola Cox, 716-857-7079
    or
    Analysts:
    Margaret M. Suto, 716-857-6987