RGC Resources, Inc. (NASDAQ:RGCO – Get Free Report) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.20 per share by the energy company on Thursday, August 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, July 17th.
RGC Resources has raised its dividend by an average of 4.1% annually over the last three years. RGC Resources has a dividend payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RGC Resources to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 63.0%.
RGC Resources Stock Up 2.9 %
RGCO stock opened at $22.00 on Tuesday. RGC Resources has a 52 week low of $15.36 and a 52 week high of $22.75. The company has a current ratio of 1.31, a quick ratio of 1.00 and a debt-to-equity ratio of 1.23. The company has a market cap of $223.96 million, a P/E ratio of 16.92 and a beta of 0.16. The company’s 50-day moving average price is $20.36 and its 200 day moving average price is $19.89.
RGC Resources Company Profile
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.
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