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Northwest Natural Gas Company (NWN) will raise its quarterly dividend by 0.5 percent to $0.47 per share in the fourth quarter of 2016.

Today's dividend hike is the 61st consecutive year that Northwest has paid higher annual dividends to its shareholders. The new dividend yield for NWN is 3.3%. The ex-date for the increased quarterly dividend of 47 cents per share is October 27, 2016.

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.