Northwest Natural has a bizarre dividend streak

Strong track record but also mini hikes and a stock price going nowhere

Northwest Natural Holding (NWN) hiked its dividend by 0.5% last week, marking 69 consecutive years of increased dividends. This puts the utility company in the top-3 best track records (behind American States Water (AWR) with 70 years and Dover (DOV) with 69 years).

The Board of Directors of Northwest Natural Holding Company has increased the quarterly dividend to 49 cents per share on the Company’s common stock.

The dividend will be paid on Nov. 15, 2024 to shareholders of record on Oct. 31, 2024. The Company's indicated annual dividend rate is $1.96 per share. At a stock price of $39.84 the dividend yield is 4.9%.

BUT: our stats show some shocking facts when we look at the dividend hikes in the last decade AND the stock price.