NorthWestern Energy Group, Inc. (NYSE:NWE) Announces Quarterly Dividend of $0.66

Key Points

• NorthWestern Energy Group, Inc. announced a quarterly dividend of $0.66 per share, to be paid on September 30th to shareholders of record as of September 15th, reflecting a 4.9% annual yield.
• The company has a dividend payout ratio of 68.6%, indicating strong coverage by earnings, with an expected future payout ratio of 68.2% based on projected earnings of $3.87 per share for the next year.
• NorthWestern Energy Group's shares rose 2.1% during midday trading, reaching $53.70, following a better-than-expected earnings report showing an EPS of $0.40 for the last quarter.

NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) announced a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.66 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, September 15th.

NorthWestern Energy Group has a dividend payout ratio of 68.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NorthWestern Energy Group to earn $3.87 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 68.2%.

NorthWestern Energy Group Trading Up 2.1%

Shares of NorthWestern Energy Group stock traded up $1.09 during midday trading on Thursday, reaching $53.70. 752,879 shares of the company's stock traded hands, compared to its average volume of 467,024. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The company has a market cap of $3.30 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The stock has a 50 day moving average of $52.56 and a 200-day moving average of $54.55. NorthWestern Energy Group has a 12 month low of $50.43 and a 12 month high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, equities analysts expect that NorthWestern Energy Group will post 3.63 EPS for the current fiscal year.

About NorthWestern Energy Group

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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