RGC Resources Inc. (NASDAQ:RGCO) Shareholders Set to Receive $0.22 Quarterly Dividend

RGC Resources Inc. (NASDAQ:RGCO) declared a quarterly dividend on Monday, September 28th. Shareholders of record on Friday, October 16th will be given a dividend of $0.2175 per share by the energy company on Monday, November 2nd. This represents a $0.87 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, October 16th.

RGC Resources has increased its dividend payment by an average of 0.0%per year over the last three years and has increased 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 Stock Up 1.5%

RGCO stock opened at $21.60 on Tuesday. RGC Resources has a 52 week low of $20.55 and a 52 week high of $27.99. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.19. The firm has a 50-day simple moving average of $21.74 and a 200-day simple moving average of $22.54. The stock has a market capitalization of $225.07 million, a P/E ratio of 16.12 and a beta of 0.52.

RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). RGC Resources had a return on equity of 11.73% and a net margin of 13.05%.The firm had revenue of $17.11 million during the quarter, compared to analyst estimates of $18.19 million.

RGC Resources Company Profile

RGC Resources, Inc is a holding company whose principal subsidiary, Roanoke Gas Company, provides regulated natural gas distribution services in southwestern Virginia. The company delivers natural gas to residential, commercial and industrial customers through a local distribution network.

Roanoke Gas serves communities in and around the Roanoke Valley, including the cities of Roanoke, Salem and Vinton, as well as portions of surrounding counties. Its activities include operating and maintaining natural gas pipelines, providing customer connections and delivering gas for heating, water heating, cooking and other commercial and industrial uses.

RGC Resources traces its operating history to Roanoke Gas Company, which was established in the early twentieth century.