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Northwest Natural Gas (NWN) will raise its quarterly dividend by 1.1 percent to $0.46 per share in the fourth quarter of 2013. In the previous year gas utility NWN hiked its dividend by 2.2 percent.

The increased dividend will be paid November 15, 2013 to shareholders of record on October 31, 2013. The ex-date for this next dividend of 46 cents per share is October 29, 2013.

Northwest Natural Gas Company (NW Natural) provides natural gas service to residential, commercial, and industrial in western Oregon and southwestern Washington. NW Natural and its subsidiaries currently own and operate underground gas storage facilities in Oregon and California.