DividendNWN increased its quarterly dividend by 0.5% to $0.49, aligning with forecasts, and the current annualized dividend yield is 4.8%.
EarningsEPS came in better-than-plan, NWN affirmed ’24 guidance and, lastly, mgmt. discussed progress on regulatory and RNG initiatives, which we consider supportive of a healthy step-up in ’25 EPS.
Regulatory ApprovalThe OPUC approved the settlement agreement calling for a $93.3mm rate increase based on a 50% equity ratio and 9.4% ROE.