February 5, 2010 (FinancialWire) — The board of directors of AGL Resources Inc. (NYSE: AGL) has approved an increase of $0.04 per share, or 2.3 percent, in the annual dividend rate on the company’s common stock, to an indicated annual dividend of $1.76 per share.

The new quarterly dividend rate of $0.44 per share is effective for the dividend payable March 1, 2010, to shareholders of record at the close of business on February 19, 2010.

The dividend payment will mark the 249th consecutive quarterly dividend the company has paid since 1948.

Georgia-based AGL Resources is an energy services company that serves approximately 2.3 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout North America.

As an 85-percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates Jefferson Island Storage & Hub, a natural gas storage facility near the Henry Hub in Louisiana.

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