Northwest Natural Holding, formerly Northwest Natural Gas Company (NWN) will raise its quarterly dividend by another 0.5 percent to $0.48 per share in 2020. This follows similar dividend hikes announced by the utility company in the last couple of years. Northwest Natural has now increased its dividend for 65 consecutive years.

The next dividend will be paid November 13, 2020 to shareholders of record on October 30, 2020. The company's indicated annual dividend rate is $1.92 per share and yields 4.1% at a stock price of $46.91.

Northwest Natural Holding will now pay an estimated annual dividend of $59 million to shareholders. The company has announced a dividend hike of 0.5 percent in each of the last six years with dividend growth slowing every year since at least 2007. 

Northwest Natural Holding Company provides natural gas service to residential, commercial, and industrial in western Oregon and southwestern Washington.  It owns NW Natural Gas Company (NW Natural), NW Natural Water Company, LLC (NW Natural Water), and other business interests and activities. NW Natural and its subsidiaries provide natural gas service to communities in Oregon and Southwest Washington. NW Natural Holdings’ subsidiaries own and operate underground gas storage capacity and NW Natural Water provides water distribution service.