Northwest Natural Gas Stock To Go Ex-dividend Tomorrow (NWN)
The ex-dividend date for Northwest Natural Gas (NYSE:NWN) is tomorrow, July 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $45.98 as of 10:01 a.m., the dividend yield is 3.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Northwest Natural Gas (NYSE: NWN) is tomorrow, July 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $45.98 as of 10:01 a.m. ET, the dividend yield is 3.7%. The average volume for Northwest Natural Gas has been 126,500 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 1.1% year to date as of the close of trading on Monday. 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 17.8, equal to the average utilities industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Northwest Natural Gas as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. 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.
Northwest Natural Gas (NWN) stock has been downgraded to "hold" from "buy," McAdams Wright Ragen said Tuesday. The firm said the revision was a valuation call as the stock is trading at 21x expected earnings.