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News Article

Piedmont Increases Dividend for 35th Consecutive Year Date Posted: 03/06/2013

CHARLOTTE, N.C., March 6, 2013 - The Board of Directors of Piedmont Natural Gas (NYSE: PNY) today approved an increase in the Company's dividend for the 35th consecutive year. At its regularly scheduled meeting, the Board declared a quarterly dividend on Common Stock of 31 cents per share, up from the previous quarterly dividend of 30 cents per share. The increased dividend is payable April 15, 2013, to shareholders of record at the close of business on March 25, 2013. Also, at today's Annual Meeting of Shareholders, four members of the Board of Directors were re-elected: Frankie T. Jones, Sr., Vicki McElreath, Thomas E. Skains, and Phillip D. Wright.

Conference Call
Piedmont Natural Gas will conduct its 2013 first quarter conference call, broadcast live over the internet on Thursday, March 7, 2013 at 10:00 a.m. Eastern Time. Hosting the conference call will be Chairman, President and Chief Executive Officer Thomas E. Skains. Simply log on to the web at www.piedmontng.com and click on Investors, then on Presentations. The conference call will be archived on the website.

About Piedmont Natural Gas
Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation utility customers in portions of North Carolina, South Carolina and Tennessee, including 52,400 customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas transportation and storage and intrastate natural gas transportation businesses. More information about Piedmont Natural Gas is available on the Internet at www.piedmontng.com.

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