RGC Resources Inc. (RGCO) Raises Dividend to $0.16 Per Share
RGC Resources Inc. (NASDAQ:RGCO) announced a quarterly dividend on Tuesday, November 28th, Wall Street Journal reports. Investors of record on Tuesday, January 16th will be paid a dividend of 0.155 per share by the energy company on Thursday, February 1st. This represents a $0.62 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, January 12th. This is an increase from RGC Resources’s previous quarterly dividend of $0.15.
Shares of RGC Resources (NASDAQ:RGCO) opened at $26.30 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.09 and a quick ratio of 0.48. The company has a market cap of $191.11, a P/E ratio of 30.58 and a beta of 0.08. RGC Resources has a 12-month low of $16.72 and a 12-month high of $31.99.
RGC Resources (NASDAQ:RGCO) last issued its quarterly earnings results on Wednesday, November 15th. The energy company reported $0.02 EPS for the quarter. The business had revenue of $10.17 million during the quarter. RGC Resources had a net margin of 10.01% and a return on equity of 10.52%. research analysts forecast that RGC Resources will post 0.92 earnings per share for the current year.
A number of large investors have recently bought and sold shares of RGCO. Vanguard Group Inc. grew its stake in RGC Resources by 56.0% in the 2nd quarter. Vanguard Group Inc. now owns 42,896 shares of the energy company’s stock valued at $1,215,000 after buying an additional 15,393 shares during the last quarter. State Street Corp acquired a new position in RGC Resources in the 2nd quarter valued at $1,950,000. Finally, California State Teachers Retirement System acquired a new position in RGC Resources in the 2nd quarter valued at $334,000.
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RGC Resources Company Profile
RGC Resources, Inc (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary.
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