Natural Gas Services Group, Inc. (NYSE:NGS) is now one of the 13 companies that have just started paying dividends, boosting investor confidence with a quarterly cash dividend of $0.10 per common share, totaling $0.40 annually. CEO Justin Jacobs sees this as a strategic move reflecting the company’s strong financial results and long-term value building commitment.

With NGS reporting strong financials and low leverage, the decision to pay dividends is intentional, signaling a broader capital return strategy. The company’s balance sheet remains a key strength, positioning it for continued growth and market share expansion. NGS increased its quarterly cash dividend to $0.11 per share in the third quarter, reinforcing management’s confidence in cash generation.

Natural Gas Services Group, Inc. (NYSE:NGS) provides natural gas compression equipment, technology, and services to the energy industry, showing potential as an investment. However, some AI stocks may offer greater upside potential with fewer risks. For those interested in undervalued AI stocks, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: Natural Gas Services Group (NGS) is one of the New Dividend Paying Companies