NW Natural Holdings Increases Dividend for 68th Consecutive Year

Rhea-AI Summary

Northwest Natural Holding Company increases quarterly dividend

Positive

• The Board of Directors of Northwest Natural Holding Company has increased the quarterly dividend to 48.75 cents per share on the Company’s common stock. The indicated annual dividend rate is $1.95 per share.

Negative

• None.

PORTLAND, Ore.--(BUSINESS WIRE)-- The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has increased the quarterly dividend to 48.75 cents per share on the Company’s common stock.

The dividend will be paid on Nov. 15, 2023 to shareholders of record on Oct. 31, 2023. The Company's indicated annual dividend rate is $1.95 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 over 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.

We have a longstanding commitment to safety, environmental stewardship and the energy transition, and taking care of our employees and communities. NW Natural Holdings was recognized by Ethisphere® in 2022 and 2023 as one of the World’s Most Ethical Companies®. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. Learn more in our latest ESG Report.

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 nearly 795,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural owns and operates 21.6 Bcf of underground gas storage capacity in Oregon.

NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest, Texas and Arizona. Today NW Natural Water serves more than 164,000 people through approximately 66,000 meters and provides operation and maintenance services to an additional 10,000 connections. Learn more about our water business at nwnaturalwater.com.

NW Natural Renewables is a competitive business committed to leading in the energy transition by providing renewable fuels to support decarbonization in the utility, commercial, industrial and transportation sectors. Learn more at nwnaturalrenewables.com.

Additional information is available at nwnaturalholdings.com.

“World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC

View source version on businesswire.com: https://www.businesswire.com/news/home/20231012721804/en/

Investor Contact: Nikki Sparley

Phone: 503-721-2530

Email: nikki.sparley@nwnatural.com

Source: NW Natural

FAQ

What is the new quarterly dividend?

The new quarterly dividend is 48.75 cents per share.

When will the dividend be paid?

The dividend will be paid on Nov. 15, 2023.

When is the record date for the dividend?

The record date for the dividend is Oct. 31, 2023.

What is the indicated annual dividend rate?

The indicated annual dividend rate is $1.95 per share.