NorthWestern Corporation (NWE) To Go Ex-Dividend on June 15th

NorthWestern Corporation (NASDAQ:NWE) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, June 15th will be given a dividend of 0.67 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th.

NorthWestern has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 21 years. NorthWestern has a payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect NorthWestern to earn $3.99 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 67.2%.

NorthWestern Stock Up 1.4%

NWE stock opened at $72.34 on Friday. NorthWestern has a twelve month low of $50.46 and a twelve month high of $75.18. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.10. The firm has a market cap of $4.45 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 3.77 and a beta of 0.32. The business has a 50 day moving average of $69.13 and a 200 day moving average of $66.74.

NorthWestern (NASDAQ:NWE) last released its earnings results on Wednesday, April 29th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.29 by $0.02. NorthWestern had a return on equity of 7.62% and a net margin of 11.24%.The business had revenue of $516.60 million for the quarter. During the same period last year, the firm posted $1.22 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that NorthWestern will post 3.75 EPS for the current fiscal year.

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.