NW Natural Holdings Announces Significant Dividend Increase

NW Natural Holdings Celebrates Dividend Increase

Northwest Natural Holding Company (NYSE: NWN) proudly announces a substantial increase in its quarterly dividend to 49 cents per share, maintaining its commitment to delivering value to shareholders for the 69th consecutive year. This achievement reflects the company’s robust performance and dedication to its stakeholders.

Overview of the Dividend Announcement

This new dividend will be distributed to shareholders of record shortly, highlighting NW Natural's commitment to returning capital to its investors. The expected payment date for the dividend is noted for a future date, assuring shareholders of the consistency in the company's dividend policy. The annualized dividend rate stands impressively at $1.96 per share, reaffirming NWN's stable financial foundation.

Understanding NW Natural Holdings

As a long-standing player in its field for over 165 years, Northwest Natural Holding Company is not just about numbers. It embodies a tradition of service and reliability. The company operates through a variety of subsidiaries, including the renowned Northwest Natural Gas Company, NW Natural Water Company, and NW Natural Renewables Holdings. Each entity plays a vital role in ensuring the well-being of the communities they serve through their versatile services.

Commitment to Safety and Sustainability

Northwest Natural Holdings emphasizes a steadfast commitment to safety and environmental stewardship. They are actively participating in the energy transition, which involves a shift towards sustainable energy practices. Recognized for their ethical operations, NW Natural Holdings has received accolades for being one of the World’s Most Ethical Companies over three consecutive years, demonstrating their integrity and responsibility towards their stakeholders.

Service and Infrastructure

The natural gas service area extends to around 2 million people across more than 140 communities, facilitated through over 800,000 meters in regions including Oregon and Southwest Washington. NW Natural operates one of the most modern pipeline systems in the nation, ensuring reliable service to its customers.

Water and Wastewater Services Expansion

In addition to their gas services, NW Natural Water is making significant strides in providing water distribution and wastewater services across the Pacific Northwest, Texas, and Arizona. Currently, the company caters to over 187,000 residents, underpinning their commitment to community support and service excellence.

Pioneering Renewable Energy Solutions

NW Natural Renewables underscores the company's proactive approach to leading the way in renewable energy solutions. The focus on providing renewable fuels aims to support decarbonization across multiple sectors, including utilities, commercial enterprises, and transportation. This vision is at the forefront of NW Natural Holdings' mission, ensuring they contribute positively to a sustainable tomorrow.

Stay Connected with NW Natural Holdings

For more information about their efforts and updates, interested parties can visit the company’s website, where extensive resources regarding their services and community initiatives are provided. NW Natural Holdings continues to engage with the public, reinforcing their transparency and commitment to service.

Frequently Asked Questions

What is the recent dividend increase announced by NW Natural Holdings?

The recent dividend increase is to 49 cents per share, continuing their track record of dividend payments.

How long has NW Natural Holdings been in business?

Northwest Natural Holdings has been operational for over 165 years, showcasing its stability and experience.

What services does NW Natural provide?

NW Natural offers natural gas service, water distribution, and wastewater services, supporting a variety of communities.

Why is NW Natural recognized as one of the World’s Most Ethical Companies?

NW Natural has received this recognition due to its commitment to ethical business practices, safety, and community welfare.

How does NW Natural Holdings contribute to sustainability?

The company is actively involved in the energy transition and offers renewable fuels, demonstrating their commitment to sustainability.

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