Northwest Natural Gas Company (NWN) to Distribute Quarterly Dividend of $0.50 on November 13th

Northwest Natural Gas Company (NYSE:NWN) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Friday, October 30th will be given a dividend of $0.50 per share by the utilities provider on Friday, November 13th. This represents a $2.00 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, October 30th. This is a 1.5% increase from Northwest Natural Gas’s previous quarterly dividend of $0.4925.

Northwest Natural Gas has a payout ratio of 65.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northwest Natural Gas to earn $3.23 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 61.0%.

Northwest Natural Gas Price Performance

NYSE NWN opened at $47.70 on Friday. Northwest Natural Gas has a fifty-two week low of $43.78 and a fifty-two week high of $55.99. The stock’s 50-day moving average is $48.93 and its two-hundred day moving average is $50.35. The firm has a market cap of $2.01 billion, a P/E ratio of 15.90 and a beta of 0.40. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.77 and a quick ratio of 0.55.

Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. The business had revenue of $243.55 million during the quarter, compared to analysts’ expectations of $271.87 million. Northwest Natural Gas had a return on equity of 8.33% and a net margin of 9.75%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. On average, analysts anticipate that Northwest Natural Gas will post 3.04 earnings per share for the current fiscal year.

Northwest Natural Gas Company Profile

Northwest Natural Gas Company, doing business as NW Natural, is a regulated natural gas distribution utility serving residential, commercial, and industrial customers. The company delivers natural gas through its pipeline system and provides related services, including energy-efficiency programs, appliance services, and solutions designed to support safe and efficient natural gas use.

Founded in 1859, NW Natural has developed a long-standing presence in the Pacific Northwest. Its natural gas utility operations primarily serve communities in Oregon and southwest Washington.