RGC Resources Inc. (RGCO) To Go Ex-Dividend on April 17th

RGC Resources Inc. (NASDAQ:RGCO) declared a quarterly dividend on Tuesday, March 31st. Investors of record on Friday, April 17th will be given a dividend of 0.2175 per share by the energy company on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, April 17th.

RGC Resources has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. RGC Resources has a dividend payout ratio of 67.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RGC Resources to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 67.4%.

RGC Resources Stock Down 1.8%

Shares of RGC Resources stock opened at $21.65 on Thursday. The business has a 50-day moving average price of $21.74 and a 200 day moving average price of $21.78. RGC Resources has a fifty-two week low of $19.68 and a fifty-two week high of $23.82. The firm has a market cap of $224.94 million, a P/E ratio of 17.46 and a beta of 0.52. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 1.19.

RGC Resources (NASDAQ:RGCO) last released its earnings results on Thursday, February 5th. The energy company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). The firm had revenue of $30.26 million for the quarter, compared to the consensus estimate of $28.21 million. RGC Resources had a return on equity of 11.11% and a net margin of 13.11%. On average, sell-side analysts forecast that RGC Resources will post 1.23 earnings per share for the current fiscal year.

About RGC Resources

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.