NW Natural Holdings Increases Dividend for 67th Consecutive Year

Rhea-AI Summary

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has announced an increase in the quarterly dividend to 48.5 cents per share. This dividend will be paid on November 15, 2022, to shareholders of record by October 31, 2022. The annual dividend rate is now $1.94 per share. NWN has been operational for over 160 years, serving approximately 2.5 million people across Oregon and Southwest Washington.

Positive

• Increased quarterly dividend to 48.5 cents per share.
• Annual dividend rate now at $1.94 per share, indicating strong commitment to returning value to shareholders.

Negative

• None.

PORTLAND, Ore.--(BUSINESS WIRE)-- The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has increased the quarterly dividend to 48.5 cents per share on the Company's common stock.

The dividend will be paid on Nov. 15, 2022 to shareholders of record on Oct. 31, 2022. The Company's indicated annual dividend rate is $1.94 per share.

About NW Natural Holdings

Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.

NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 790,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 21 Bcf of underground gas storage capacity in Oregon.

NW Natural Water currently provides water distribution and wastewater services to 150,000 people through approximately 60,000 connections for communities throughout the Pacific Northwest, Texas and Arizona. Learn more about our water business at nwnaturalwater.com.

Additional information is available at nwnaturalholdings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221013006050/en/

Investor Contact: Nikki Sparley

Phone: 503-721-2530

Email: nikki.sparley@nwnatural.com

Source: NW Natural

FAQ

What is the new quarterly dividend for Northwest Natural Holding Company (NWN)?

The new quarterly dividend is 48.5 cents per share.

When will the dividend be paid to shareholders of NWN?

The dividend will be paid on November 15, 2022.

What is the annual dividend rate for Northwest Natural (NWN)?

The annual dividend rate is $1.94 per share.

Who qualifies for the NWN dividend payment?

Shareholders of record by October 31, 2022, will qualify for the dividend payment.