NW Natural Declares Quarterly Dividend
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The Board of Directors of Northwest Natural Gas Company (NYSE:NWN), dba
NW Natural, has declared a quarterly dividend of 37.5 cents a share on
the company's common stock. The dividends will be paid August 15, 2008
to shareholders of record on July 31, 2008. NW Natural's indicated
annual dividend rate is $1.50 per share.
About NW Natural
NW Natural is headquartered in Portland, Ore., and serves more than
655,000 residential and business customers in Oregon and southwest
Washington. It is the largest independent natural gas utility in the
Pacific Northwest. The company has approximately $2.0 billion in total
assets, which includes about 16 Bcf of underground gas storage capacity
within its service territory at Mist, Ore. NW Natural has increased its
dividends paid on common stock for 52 consecutive years.
