PORTLAND, Ore., April 04, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Northwest Natural Holding Company (NWN) has declared a quarterly dividend of 47.5 cents per share on the Company's common stock.
The dividends will be paid May 15, 2019 to shareholders of record on April 30, 2019. The Company's indicated annual dividend rate is $1.90 per share.
About NW Natural Holdings
Northwest Natural Holding Company, (NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests and activities.
NW Natural is a local distribution company that currently provides natural gas service to approximately two million people in more than 140 communities through more than 750,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores.
NW Natural is currently constructing a 2.5 Bcf regulated gas storage expansion of its 16 Bcf facility in Oregon to support renewables. NW Natural Holdings’ subsidiaries own and operate 31 Bcf of underground gas storage capacity.
NW Natural Water currently provides water distribution service to approximately 22,000 people through 7,400 connections. To date, NW Natural Water has acquired four water distribution utilities with several additional acquisitions pending. Upon closing current outstanding transactions, cumulatively, NW Natural Water will have invested $70 million and serve nearly 45,000 people through approximately 18,000 connections in the Pacific Northwest.
Additional information is available at nwnaturalholdings.com.
Investor Contact: Nikki Sparley