Southwest Gas Corporation (SWX) to Issue Quarterly Dividend of $0.65 on June 1st

Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Wednesday, April 15th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.645 per share by the utilities provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, May 15th. This is a 4.0% increase from Southwest Gas’s previous quarterly dividend of $0.62.

Southwest Gas has raised its dividend payment by an average of 0.0%annually over the last three years. Southwest Gas has a payout ratio of 62.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Southwest Gas to earn $4.85 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 53.2%.

Southwest Gas Stock Up 0.9%

Shares of NYSE SWX opened at $89.96 on Wednesday. The company has a market capitalization of $6.51 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.12 and a beta of 0.62. Southwest Gas has a 52-week low of $66.93 and a 52-week high of $94.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.45. The company’s 50 day moving average price is $89.05 and its 200-day moving average price is $84.68.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. The firm had revenue of $585.12 million for the quarter, compared to the consensus estimate of $695.52 million. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities analysts forecast that Southwest Gas will post 4.25 earnings per share for the current year.

Southwest Gas Company Profile

Southwest Gas Corporation (NYSE: SWX) is a publicly traded natural gas utility that provides regulated gas distribution services to residential, commercial, industrial and electric generation customers. The company’s core activities include the transportation, distribution and sale of natural gas through an extensive network of pipelines, service lines and metering facilities. Southwest Gas also offers related services such as system maintenance, pipeline safety inspections, emergency response and line extensions to support customer growth and ensure reliable gas delivery.

Founded in 1931 in southern Nevada, Southwest Gas has grown through strategic acquisitions and organic expansion to become one of the nation’s larger natural gas utilities by customer count.