This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NW Natural Increases Dividend For 55th Consecutive Year

The Board of Directors of Northwest Natural Gas Company (NYSE:NWN), dba NW Natural, has increased the quarterly dividend on the company's common stock to 43.5 cents from 41.5 cents per share, an increase of 5 percent. The dividends will be paid Nov. 15, 2010, to shareholders of record on Oct. 29, 2010.

NW Natural will have paid $1.68 per share in dividends on its common stock in 2010, the 55th consecutive year in which the company's dividend payments have increased. The indicated annual dividend rate is now $1.74 per share.

About NW Natural

NW Natural is headquartered in Portland, Ore., and served more than 670,000 residential and business customers in Oregon and southwest Washington at the end of the company's second quarter on June 30th. The company has approximately $2.4 billion in total assets, which includes approximately 16 Bcf of underground gas storage capacity within its service territory at Mist, Ore., a 75 percent interest in the 20-Bcf capacity Gill Ranch Storage underground natural gas facility near Fresno, Calif., and a pipeline project in Oregon. As noted, NW Natural has increased its dividends paid on common stock for 55 consecutive years, one of only a handful of public companies to achieve this mark.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs