LONDON, UK / ACCESSWIRE / July 27, 2018 / Active-Investors has a free review on Northwest Natural Gas Co. (NYSE: NWN) following the Company's announcement that it will begin trading ex-dividend on July 30, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on July 27, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on NWN:
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On July 05, 2018, Northwest Natural Gas' Board of Directors declared a quarterly dividend of 47.25 cents per share on the Company's common stock. The dividend will be paid August 15, 2018, to shareholders of record on July 31, 2018.
Northwest Natural Gas' indicated dividend represents a yield of 2.96%, which is substantially higher than the average dividend yield of 2.61% for the Utilities sector. The Company has raised its dividend for sixty-two consecutive years.
Northwest Natural Gas has a dividend payout ratio of 84.8%, which denotes that the Company spends approximately $0.85 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
As per analysts' estimates, Northwest Natural Gas is forecasted to report earnings of 2.48 per share for the next year, which is considerably higher than the Company's annualized dividend payout of $1.89 per share.
At March 31, 2018, Northwest Natural Gas' cash and cash equivalents totaled $11.2 million.During Q1 2018, the Company generated $104.5 million in operating cash flow and invested $57.4 million in capital expenditures to support growth, safety, and its North Mist Expansion Project. Cash provided by operations decreased $40.6 million due to changes in working capital and deferred gas costs as well as higher taxes paid. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.
Recent Development for the Company
On July 06, 2018, Northwest Natural Gas announced that it will issue its second quarter and year-to-date earnings release and conduct an analyst conference call and webcast to review results at 8 a.m. Pacific Time on August 07, 2018.
About Northwest Natural Gas Co.
Northwest Natural Gas is headquartered in Portland, Oregon. The 159-year-old regulated natural gas utility serves Oregon and southwest Washington with one of the most modern distribution and transmission pipeline systems in the United States. It is the largest stand-alone local gas distribution Company in the Pacific Northwest with over 740,000 customers, 14,000 miles of pipeline infrastructure, and approximately $3 billion in total assets.
Stock Performance Snapshot
July 26, 2018 - At Thursday's closing bell, Northwest Natural Gas' stock advanced 1.56%, ending the trading session at $65.25.
Volume traded for the day: 109.17 thousand shares.
Stock performance in the last month - up 2.11%; previous three-month period - up 5.75%; past twelve-month period - up 3.49%; and year-to-date - up 9.39%
After yesterday's close, Northwest Natural Gas' market cap was at $1.88 billion.
The stock has a dividend yield of 2.90%.
The stock is part of the Utilities sector, categorized under the Gas Utilities industry.
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