Salt Lake-based Questar Corp. on Tuesday announced that its board of directors has approved an 18 cent quarterly common stock dividend.
The dividend is payable June 17 to shareholders of record May 31. The amount is the same as the previous quarter's and one-half cent higher than a year earlier. Questar has paid 230 consecutive dividends without a reduction.
The company also said four directors were elected to three-year terms during the company's annual shareholders meeting. They are: Patrick J. Early, 69, former vice chairman of Amoco Corp. and a Questar director since 1995; L. Richard Flury, 54, retired chief executive of gas and power for BP plc.; James A. Harmon, 66; and D.N. "Nick" Rose, 57, Questar executive vice president who oversees the company's regulated interstate pipeline and retail gas-distribution activities and has served as a Questar director since 1984.
Harmon was a Questar director from 1976 to 1997, when he resigned to serve as chairman and president of the U.S. Export-Import Bank. He was reappointed to serve as a Questar director in June 2001 at the conclusion of his term with the bank. Flury was selected to fill the position formerly held by Dixie L. Leavitt, who became a senior director.