Northwest Natural Gas Company (NYSE:NWN) Plans Quarterly Dividend of $0.49

Northwest Natural Gas Company (NYSE:NWN) declared a quarterly dividend on Thursday, July 9th. Investors of record on Friday, July 31st will be paid a dividend of 0.4925 per share by the utilities provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, July 31st.

Northwest Natural Gas has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 70 years. Northwest Natural Gas has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Northwest Natural Gas to earn $3.22 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 61.2%.

Northwest Natural Gas Stock Performance

Northwest Natural Gas stock opened at $49.61 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.62 and a current ratio of 0.80. Northwest Natural Gas has a fifty-two week low of $39.29 and a fifty-two week high of $55.99. The stock has a fifty day moving average of $49.76 and a two-hundred day moving average of $50.09. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 16.93 and a beta of 0.43.

Northwest Natural Gas (NYSE:NWN) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.07). Northwest Natural Gas had a net margin of 9.56% and a return on equity of 8.46%. The business had revenue of $490.40 million for the quarter, compared to analyst estimates of $538.57 million. During the same quarter in the prior year, the business earned $2.28 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, analysts anticipate that Northwest Natural Gas will post 3.05 EPS for the current fiscal year.

Northwest Natural Gas Company Profile

Northwest Natural Gas (NYSE: NWN), commonly known as NW Natural, is a publicly traded energy utility primarily engaged in the distribution of natural gas to residential, commercial and industrial customers. Headquartered in Portland, Oregon, the company operates an extensive pipeline network spanning thousands of miles across Oregon and southwest Washington. Its core business activities include gas procurement, system operation and maintenance, safety inspections and customer service support.

Dating back to the mid-19th century, Northwest Natural traces its origins to the Portland Gas Light Company, which first illuminated Portland streets with manufactured gas in 1859.