RGC Resources Inc. (RGCO) to Distribute Quarterly Dividend of $0.22 on August 3rd

RGC Resources Inc. (NASDAQ:RGCOGet Free Report) declared a quarterly dividend on Monday, June 29th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.2175 per share by the energy company on Monday, August 3rd. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, July 17th.

RGC Resources has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 22 years. RGC Resources has a dividend payout ratio of 67.4% meaning its dividend is sufficiently covered by earnings.

RGC Resources Trading Up 1.3%

NASDAQ:RGCO opened at $24.84 on Wednesday. The company’s 50 day moving average is $23.51 and its 200-day moving average is $22.41. 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 12 month low of $19.68 and a 12 month high of $27.99. The firm has a market cap of $258.58 million, a price-to-earnings ratio of 18.54 and a beta of 0.50.

RGC Resources (NASDAQ:RGCOGet Free Report) last posted its quarterly earnings data 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. RGC Resources had a net margin of 13.01% and a return on equity of 11.87%. The business had revenue of $45.46 million during the quarter, compared to the consensus estimate of $38.20 million.

RGC Resources Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for RGC Resources (NASDAQ:RGCO)

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