Southwest Gas Corporation (SWX) to Distribute Quarterly Dividend of $0.65 on September 1st

Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, August 17th will be given a dividend of 0.645 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 17th.

Southwest Gas has increased its dividend payment by an average of 0.0%per year over the last three years. Southwest Gas has a dividend payout ratio of 62.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Southwest Gas to earn $4.92 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 52.4%.

Southwest Gas Price Performance

Shares of NYSE:SWX opened at $92.66 on Friday. The company has a 50 day moving average of $90.43 and a 200 day moving average of $88.76. The stock has a market cap of $6.71 billion, a P/E ratio of 12.10, a P/E/G ratio of 2.19 and a beta of 0.57. Southwest Gas has a 12 month low of $75.75 and a 12 month high of $94.46. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 0.89.

Southwest Gas (NYSE:SWX) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Southwest Gas had a net margin of 31.85% and a return on equity of 6.91%. The business had revenue of $358.15 million for the quarter, compared to analyst estimates of $416.20 million. During the same quarter in the prior year, the firm posted ($0.18) EPS. Southwest Gas’s revenue was down 9.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, sell-side analysts forecast that Southwest Gas will post 4.25 EPS for the current fiscal year.

Southwest Gas Company Profile

Southwest Gas Corporation (NYSE: SWX) is a publicly traded natural gas utility that provides regulated gas distribution services to residential, commercial, industrial and electric generation customers. The company’s core activities include the transportation, distribution and sale of natural gas through an extensive network of pipelines, service lines and metering facilities. Southwest Gas also offers related services such as system maintenance, pipeline safety inspections, emergency response and line extensions to support customer growth and ensure reliable gas delivery.

Founded in 1931 in southern Nevada, Southwest Gas has grown through strategic acquisitions and organic expansion to become one of the nation’s larger natural gas utilities by customer count.