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) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, July 17th.

RGC Resources has raised its dividend 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 payout ratio of 67.4% indicating that its dividend is sufficiently covered by earnings.

RGC Resources Stock Performance

Shares of RGCO stock opened at $23.90 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.69 and a quick ratio of 0.59. RGC Resources has a fifty-two week low of $19.68 and a fifty-two week high of $26.63. The stock’s 50-day moving average is $23.12 and its two-hundred day moving average is $22.32. The firm has a market cap of $248.80 million, a P/E ratio of 17.84 and a beta of 0.52.

RGC Resources (NASDAQ:RGCOGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. The business 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

(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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