Business

Notable Stock to Watch: Northwest Natural Holding Company (NYSE:NWN)

On Friday Northwest Natural Holding Company (NYSE:NWN) stock raised 1.42% and closed at 69.93. The stock opened the session at $69.35 and touched its highest price point at $70.47. Its recent trading capacity is 155038 shares versus to its average trading volume of 130332 shares. The company’s stock’s lowest price point for the session stood at $68.81.NWN traded as low as $ 57.2 in the past 52 weeks, and shares hit its peak level to $73.5.

On Oct. 4, 2019, The Board of Directors of Northwest Natural Holding Company (NYSE:NWN) has increased the quarterly dividend to 47.75 cents per share on the Company’s common stock.

The dividends will be paid Nov. 15, 2019 to shareholders of record on Oct. 31, 2019. The Company’s indicated annual dividend rate is $1.91 per share.

About NW Natural Holdings

Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company, LLC (NW Natural Water), and other business interests and activities.

NW Natural is a local distribution company that currently provides natural gas service to approximately two million people in more than 140 communities through more than 750,000 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 Holdings’ subsidiaries own and operate 35 Bcf of underground gas storage capacity with NW Natural operating 20 Bcf in Oregon of which 4 Bcf supports renewables.NW Natural Water currently provides water distribution service to approximately 45,000 people through 17,700 connections. To date, NW Natural Water has acquired seven water distribution utilities and a wastewater company with several additional acquisitions pending. Upon closing current outstanding transactions, cumulatively, NW Natural Water expects to have invested $70 million and serve nearly 47,000 people through approximately 18,300 connections in the Pacific Northwest.

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