SOURCE: Northwest Natural Gas Company
PORTLAND, OR--(Marketwire - Jul 5, 2012) - The Board of Directors of NW 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 Aug. 15, 2012, to shareholders of record on July 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 approximately 682,000 residential, commercial, and industrial customers in western Oregon and southwestern Washington. 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.