Northwest Natural Gas Keeps Dividend Steady

Natural gas utility Northwest Natural Gas  announced yesterday its third-quarter dividend of $0.455 per share, the same rate it's paid for the past three quarters after raising the payout 2% from $0.445 per share.

The board of directors said the quarterly dividend is payable on Aug. 15 to the holders of record at the close of business on July 31. The utility has made quarterly payouts to investors since 1990. 

The regular dividend payment equates to a $1.82-per-share annual dividend, yielding 4.3% based on the closing price of Northwest Natural Gas' stock on July 2.


NWN Dividend Chart

NWN Dividend data by YCharts.

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The article Northwest Natural Gas Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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