Directors of Questar Corp., parent company of Mountain Fuel Supply and other energy subsidiaries, have approved a one-cent per-share increase in the quarterly common stock dividend bringing it to 30.5 cents and payable Dec. 16 to shareholders of record on Nov. 22. It is the 23rd dividend increase in 24 years and the 208th consecutive dividend without a reduction.
R.D. Cash, chairman, president and chief executive officer, said the company's strong fundamentals enable it to sustain healthy dividend growth while pursuing growth opportunities such as recent reserve acquisitions.The board also approved a dividend on the company's 8 percent series of preferred stock. A dividend of $2 per share will be paid Jan. 2 to stockholders of record on Dec. 6.