SALT LAKE CITY--(BUSINESS WIRE)--Questar Corp.’s (NYSE:STR) board of directors today approved a $0.22 (22 cents) quarterly common stock cash dividend. The dividend, payable September 12, 2016, to shareholders of record on August 19, 2016, is the same as the previous quarter. This is the company’s 287th consecutive dividend.
Directors also approved a contingent cash dividend equal to $0.00242 per share of common stock for each day elapsed from August 19, 2016 to the closing date of the proposed merger with Dominion Resources, Inc. The contingent dividend is payable to shareholders of record at the close of business on the closing date of the merger, and will be paid as soon as practicable after the closing date of the proposed merger. The contingent dividend will not be paid if the merger agreement is terminated or if the merger does not close before the record date of the next quarterly dividend declared by the board of directors.
Questar is a Rockies-based integrated natural gas company with three complementary lines of business:
- Questar Gas Company provides retail gas distribution in Utah, Wyoming, and Idaho;
- Wexpro Company develops and produces natural gas from reserves at cost-of-service for Questar Gas customers; and
- Questar Pipeline Company operates interstate natural gas pipelines and storage facilities in the western U.S. and provides other energy services.
Questar is headquartered in Salt Lake City, Utah.
For more information, visit Questar’s website at: http://www.questar.com.
