Northwest Natural Gas Co(NYSE:NWN) Declares Dividend of $0.4700.

Northwest Natural Gas Co (NYSE:NWN) had declared a cash dividend of $0.4700 on Oct 6, 2016. The shares will quote ex-dividend on Oct 27, 2016 and the record date has been fixed for Oct 31, 2016. On Oct 6, 2016 share price, the yield comes out to be 3.3093%. The dividend payable date has been fixed on Nov 15, 2016.

Northwest Natural Gas Co (NWN) made into the market gainers list on Fridays trading session with the shares advancing 0.09% or 0.05 points. Due to strong positive momentum, the stock ended at $58.12, which is also near the day’s high of $60. The stock began the session at $60 and the volume stood at 70,348 shares. The 52-week high of the shares is $66.17 and the 52 week low is $45.375. The company has a current market capitalization of $1,601 M and it has 2,75,50,206 shares in outstanding.

Northwest Natural Gas Co(NWN) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $99.18M. Analysts had an estimated revenue of $111.12M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.06.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Gregg S Kantor (CEO) sold 1,000 shares at $63.91 per share price.Also, On Jun 16, 2016, Kimberly A. Heiting (VP & Chief Marketing Officer) sold 1,200 shares at $59.37 per share price.On Jun 16, 2016, David A. Weber (Pres. & CEO of Issuer’s Sub.) sold 2,000 shares at $59.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Northwest Natural Gas Company is engaged in the distribution of natural gas. The Company operates in two business segments: Local Gas Distribution and Gas Storage. The Company maintains operations in Oregon Washington and California and conducts businesses through NW Natural and its subsidiaries. The local gas distribution business referred to as the utility segment serves residential commercial and industrial customers in Oregon and southwest Washington; and the gas storage business referred to as the gas storage segment provides storage services for utilities gas marketers electric generators and industrial users from storage facilities located in Oregon and California. As of December 31 2014 the Company had 700000 customers with around 89% located in Oregon and 11% located in Washington. It provides natural gas service to over 100 cities in around 18 counties.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *