July 27, 2009 (FinancialWire) — Northwest Natural Gas Co., which does business as NW Natural (NYSE: NWN) said its board has declared a quarterly dividend of 39.5 cents a share on the company’s common stock.

The dividends will be paid August 14 to shareholders of record on July 31. The company’s indicated annual dividend rate is $1.58 per share.

Portland, Oregon-based NW Natural is a natural gas utility that serves more than 660,000 residential and business customers in Oregon and southwest Washington.

The company posts around $2 billion in total assets, which includes about 16 Bcf of underground gas storage capacity within its service territory at Mist, Oregon.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.