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 Feb. 15, 2012,
to shareholders of record on Jan. 31, 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 about 672,000
residential, commercial, and industrial customers in western Oregon and
southwestern Washington. It is the largest independent natural gas
utility in the Pacific Northwest. The company has approximately $2.6
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.
NW Natural
Investor Contact:
Bob Hess, 503-220-2388
bob.hess@nwnatural.com
or
Media
Contact:
Kim Heiting, 503-220-2366
kah@nwnatural.com
Source: Northwest Natural Gas Company