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

NorthWestern Corporation (NASDAQ:NWE) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.67 per share on Tuesday, December 1st. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, November 17th.

NorthWestern has a payout ratio of 69.6% meaning its dividend is sufficiently covered by earnings. Analysts expect NorthWestern to earn $3.96 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 67.7%.

NorthWestern Trading Up 0.0%

NASDAQ NWE traded up $0.01 on Thursday, reaching $82.01. The company had a trading volume of 157,111 shares, compared to its average volume of 515,318. NorthWestern has a 52 week low of $60.83 and a 52 week high of $84.18. The stock’s 50 day moving average is $72.57 and its 200-day moving average is $70.61. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 1.19. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 4.13 and a beta of 0.29.

NorthWestern (NASDAQ:NWE) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.15). The firm had revenue of $427.00 million for the quarter. NorthWestern had a return on equity of 8.03% and a net margin of 10.13%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.79 earnings per share. Equities analysts predict that NorthWestern will post 3.71 earnings per share for the current year.

NorthWestern Company Profile

NorthWestern Energy Group, Inc, doing business as NorthWestern Energy, is a regulated electric and natural gas utility headquartered in Sioux Falls, South Dakota. The company generates, purchases, transmits and distributes electricity, and provides natural gas distribution and related services to residential, commercial, industrial and agricultural customers.

NorthWestern Energy serves customers primarily in Montana, South Dakota and Nebraska. Its operations include electric generation facilities and transmission and distribution networks, as well as natural gas pipelines and distribution systems.