NW Natural Reaffirms 2016 Earnings Guidance, Declares Quarterly Dividend

(RTTNews) - Northwest Natural Gas Company (NWN) reaffirmed 2016 earnings guidance in the range of $1.98 to $2.18 per share, or $2.05 to $2.25 per share adjusted. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.18. Analysts' estimates typically exclude special items.

The board of NW Natural declared a quarterly dividend of 46.75 cents per share on the company's common stock. The dividends will be paid on May 13, 2016 to shareholders of record on April 29, 2016. The company's indicated annual dividend rate is $1.87 per share.