RGC Resources Inc. (NASDAQ:RGCO) Plans $0.22 Quarterly Dividend

by · The Markets Daily

RGC Resources Inc. (NASDAQ:RGCO – Get Free Report) announced a quarterly dividend on Monday, June 29th. Stockholders of record on Friday, July 17th will be given a dividend of 0.2175 per share by the energy company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, July 17th.

RGC Resources has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 22 years. RGC Resources has a payout ratio of 67.4% indicating that its dividend is sufficiently covered by earnings.

RGC Resources Stock Up 0.7%

RGCO opened at $23.79 on Tuesday. The stock has a market cap of $247.65 million, a PE ratio of 17.75 and a beta of 0.52. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 1.04. RGC Resources has a 52 week low of $19.68 and a 52 week high of $26.63. The business’s fifty day simple moving average is $23.09 and its 200 day simple moving average is $22.31.

RGC Resources (NASDAQ:RGCO – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $45.46 million during the quarter, compared to analyst estimates of $38.20 million. RGC Resources had a return on equity of 11.87% and a net margin of 13.01%.

RGC Resources Company Profile

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RGC Resources, Inc (NASDAQ: RGCO) is a natural gas distribution and transmission company headquartered in Wheeling, West Virginia. Through its regulated subsidiaries, the company provides energy delivery services to residential, commercial and industrial customers across northern West Virginia, western Pennsylvania and parts of Maryland. RGC Resources focuses on maintaining a safe and efficient local pipeline network to ensure reliable supply to its service areas.

The company operates two primary business segments: distribution and transmission.

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