Northwest Natural Holding, formerly Northwest Natural Gas Company (NWN) will raise its quarterly dividend by another 0.5 percent to $0.4825 per share in 2021. This follows similar dividend hikes announced by the utility company in the last couple of years. Northwest Natural has now increased its dividend for 66 consecutive years.

The next NWN dividend will be paid November 15, 2021 to shareholders of record on October 29, 2021. The company's indicated annual dividend rate is $1.93 per share and yields 4.1% at a stock price of $46.97.

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 seven years with dividend growth slowing since at least 2007. 

Northwest Natural 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.