NW Natural Holdings Increases Dividend for 64th Consecutive Year

Portland, Oregon, UNITED STATES

PORTLAND, Ore., Oct. 03, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has increased the quarterly dividend to 47.75 cents per share on the Company's common stock.

The dividends will be paid Nov. 15, 2019 to shareholders of record on Oct. 31, 2019. The Company's indicated annual dividend rate is $1.91 per share.

About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company, LLC (NW Natural Water), and other business interests and activities.

NW Natural is a local distribution company that currently provides natural gas service to approximately two million people in more than 140 communities through more than 750,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores.

NW Natural Holdings’ subsidiaries own and operate 35 Bcf of underground gas storage capacity with NW Natural operating 20 Bcf in Oregon of which 4 Bcf supports renewables.

NW Natural Water currently provides water distribution service to approximately 45,000 people through 17,700 connections. To date, NW Natural Water has acquired seven water distribution utilities and a wastewater company with several additional acquisitions pending. Upon closing current outstanding transactions, cumulatively, NW Natural Water expects to have invested $70 million and serve nearly 47,000 people through approximately 18,300 connections in the Pacific Northwest. Additional information regarding our water business is available at nwnaturalwater.com.

Additional information is available at nwnaturalholdings.com.

Investor Contact:  Nikki Sparley
Phone: 503-721-2530
Email: nikki.sparley@nwnatural.com