PORTLAND, Ore.--(BUSINESS WIRE)--
The Board of Directors of Northwest Natural Gas Company(NYSE:NWN),
dba NW Natural, has declared a quarterly dividend of 44.5 cents a share
on the company's common stock. The dividends will be paid May 15, 2012
to shareholders of record on April 30, 2012. The company's indicated
annual dividend rate is $1.78 per share.
About NW Natural
NW Natural (NYSE:NWN) is headquartered in Portland, Ore., and provides
safe, reliable, cost-effective natural gas service to approximately
680,000 residential, commercial, and industrial customers through
approximately 14,000 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 $2.7
billion in total assets. The company operates and owns 16 Bcf of
underground storage capacity in Mist, Ore., and also operates the
designed 20 Bcf Gill Ranch underground storage facility in California,
in which it owns a 75 percent undivided interest. Together, 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.
NW Natural Contacts:
Investor Contact:
Bob Hess,
503-220-2388
bob.hess@nwnatural.com
or
Media
Contact:
Kim Heiting, 503-220-2366
kah@nwnatural.com
Source: NW Natural Northwest Natural Gas Company