NEW YORK (

TheStreet

) -- The ex-dividend date for

Northwest Natural Gas

(NYSE:

NWN

) is tomorrow, October 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $46.13 as of 9:30 a.m. ET, the dividend yield is 3.8%.

The average volume for Northwest Natural Gas has been 149,700 shares per day over the past 30 days. Northwest Natural Gas has a market cap of $1.2 billion and is part of the

utilities

sector and

utilities

industry. Shares are down 1.7% year to date as of the close of trading on Tuesday.

Northwest Natural Gas Company stores and distributes natural gas primarily in Oregon, Washington, and California. The company operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment distributes natural gas in Oregon and southwest Washington. The company has a P/E ratio of 19.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Northwest Natural Gas as a

buy

. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full

Northwest Natural Gas Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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