PORTLAND, Ore.--(BUSINESS WIRE)--
The Board of Directors of Northwest Natural Gas Company(NYSE:NWN),
dba NW Natural, has declared a quarterly dividend of 43.5 cents a share
on the company's common stock. The dividends will be paid Feb. 15, 2011,
to shareholders of record on Jan. 31, 2011. The company's indicated
annual dividend rate is $1.74 per share.
About NW Natural
NW Natural (NYSE:NWN) is headquartered in Portland, Ore., and provides
safe, reliable, cost-effective natural gas service to about 667,000
residential, commercial, and industrial customers through 15,000 miles
of mains and service lines in western Oregon and southwestern
Washington. It is the largest independent natural gas utility in the
Pacific Northwest. The company has approximately $2.5 billion in total
assets. Since 1989, the company has operated its 16 Bcf Mist underground
storage field in Oregon to serve its utility customers and the regional
interstate storage market. NW Natural and its subsidiaries currently own
and operate underground gas storage facilities with designed storage
capacity of approximately 31 Bcf in Oregon and California. Additional
information is available at www.nwnatural.com.
Source: Northwest Natural Gas Company
Contact:
NW Natural
Investor Contact:
Bob Hess, 503-220-2388
bob.hess@nwnatural.com
or
Media
Contact:
Kim Heiting, 503-220-2366
kah@nwnatural.com