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NW Natural Increases Dividend for 61st Consecutive Year

PORTLAND, Ore., Oct. 06, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Northwest Natural Gas Company (NYSE:NWN), dba NW Natural, has increased the quarterly dividend to 47 cents per share on the Company's common stock.

The dividends will be paid Nov. 15, 2016 to shareholders of record on Oct. 31, 2016. The Company's indicated annual dividend rate is $1.88 per share.

About NW Natural
NW Natural (NYSE:NWN) is headquartered in Portland, Ore., and provides natural gas service to more than 718,000 residential, commercial, and industrial customers through approximately 14,000 miles of mains and service lines in western Oregon and southwestern Washington. It is the largest independent natural gas utility in the Pacific Northwest with $2.9 billion in total assets. NW Natural and its subsidiaries currently own and operate underground gas storage facilities with designed storage capacity of approximately 31 Bcf in Oregon and California. Additional information is available at nwnatural.com.

Investor Contact: Nikki Sparley Phone: 503-721-2530 Email: n1s@nwnatural.com

Source: NW Natural