NorthWestern Corp (NYSE:NWE) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.575 per share by the utilities provider on Friday, June 28th. This represents a $2.30 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, June 13th.

NorthWestern has increased its dividend by an average of 4.6% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. NorthWestern has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NorthWestern to earn $3.64 per share next year, which means the company should continue to be able to cover its $2.30 annual dividend with an expected future payout ratio of 63.2%.

Shares of NYSE:NWE opened at $71.93 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.83 and a quick ratio of 0.69. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 6.73 and a beta of 0.30. NorthWestern has a twelve month low of $51.85 and a twelve month high of $74.47.

NorthWestern (NYSE:NWE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The firm had revenue of $384.22 million during the quarter. NorthWestern had a net margin of 17.11% and a return on equity of 9.80%. Analysts predict that NorthWestern will post 3.59 EPS for the current fiscal year.

NWE has been the subject of a number of research reports. Credit Suisse Group cut their target price on shares of NorthWestern from $60.00 to $56.00 and set an “underperform” rating for the company in a research report on Wednesday, February 13th. Bank of America reiterated an “underperform” rating and set a $55.00 target price on shares of NorthWestern in a research report on Thursday, March 14th. Williams Capital reiterated a “sell” rating on shares of NorthWestern in a research report on Monday, March 18th. Barclays lowered shares of NorthWestern from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $62.00 to $65.00 in a research report on Wednesday, March 20th. Finally, Zacks Investment Research upgraded shares of NorthWestern from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. NorthWestern currently has a consensus rating of “Hold” and a consensus target price of $64.00.

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About NorthWestern

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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Dividend History for NorthWestern (NYSE:NWE)

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