RGC Resources Inc. (RGCO) to Issue Quarterly Dividend of $0.22
RGC Resources Inc. (NASDAQ:RGCO) declared a quarterly dividend on Tuesday, November 29th. Shareholders of record on Tuesday, January 17th will be paid a dividend of 0.2175 per share on Wednesday, February 1st. This represents a $0.87 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, January 12th. This is an increase from RGC Resources’s previous quarterly dividend of $0.20.
Shares of RGC Resources (NASDAQ:RGCO) traded down 0.16% on Tuesday, reaching $24.71. 4,070 shares of the company’s stock traded hands. RGC Resources has a 52 week low of $20.66 and a 52 week high of $26.00. The stock has a market capitalization of $118.21 million, a PE ratio of 20.29 and a beta of 0.29. The company has a 50 day moving average of $24.60 and a 200-day moving average of $24.26.
RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings results on Wednesday, November 16th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $9.98 million for the quarter, compared to analysts’ expectations of $9.74 million. RGC Resources had a net margin of 9.83% and a return on equity of 10.42%.
RGC Resources Company Profile
RGC Resources, Inc is an energy services company. The Company is primarily engaged in the sale and distribution of natural gas to approximately 59,000 residential, commercial and industrial customers in Roanoke, Virginia and the surrounding localities. The Company conducts its operations primarily through its subsidiaries, including Roanoke Gas Company (Roanoke Gas), Diversified Energy Company, RGC Ventures of Virginia, Inc and RGC Midstream, LLC.
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