NorthWestern Corporation (NASDAQ:NWE) to Issue $0.67 Quarterly Dividend

NorthWestern Corporation (NASDAQ:NWE) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, March 13th will be given a dividend of 0.67 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, March 13th.

NorthWestern has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 21 consecutive years. NorthWestern has a dividend payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings.

NorthWestern Price Performance

Shares of NASDAQ:NWE traded down $0.79 during trading on Wednesday, hitting $67.04. 267,392 shares of the stock were exchanged, compared to its average volume of 580,725. The company has a market cap of $4.12 billion, a PE ratio of 22.85, a P/E/G ratio of 2.89 and a beta of 0.33. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.10. The company has a fifty day moving average price of $68.08 and a two-hundred day moving average price of $63.86. NorthWestern has a 12-month low of $50.46 and a 12-month high of $72.21.

NorthWestern (NASDAQ:NWE) last released its quarterly earnings data on Wednesday, February 11th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). The firm had revenue of $414.26 million during the quarter. NorthWestern had a net margin of 11.24% and a return on equity of 7.62%.

About NorthWestern

NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.

Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.