By NorthWest Natural Gas [5],
PORTLAND, Ore.- The Board of Directors of Northwest Natural Gas Company (NYSE:NWN), dba NW Natural, has increased the quarterly dividend on the company’s common stock to 41.5 cents from 39.5 cents per share, an increase of 5 percent. The dividends will be paid Nov. 13, 2009, to shareholders of record on Oct. 30, 2009.NW Natural will have paid $1.60 per share in dividends on its common stock in 2009, the 54th consecutive year in which the company’s dividend payments have increased. The indicated annual dividend rate is now $1.66 per share.