Photo: Flickr.com/Mike Mozart
Two dividend growth companies – a natural gas utility and a specialty chemical manufacturer – announced their annual dividend increases this week. Notably, this is the 62nd year for Northwest Natural Gas Company. Two more dividend growth announcements are expected next week.
Dividend Increases Announced This Week
Northwest Natural Gas Company (NWN)
Industry: Utilities – Gas
Dividend Payment: 47.25 cents per share – up 0.5% from prior level of 47 cents
Dividend Paid On: 11/15
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/30
Number of Years of Dividend Increases: 62
Current Forward Yield: 2.91%
Industry: Specialty Chemicals
Dividend Payment: 32 cents per share – up 6.7% from prior level of 30 cents
Dividend Paid On: 10/31
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 10/13
Number of Years of Dividend Increases: 43
Current Forward Yield: 2.48%