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 3.74%. The ex-dividend date is Wednesday, July 17th.
RGC Resources has increased its dividend by an average of 4.1% per year over the last three years. RGC Resources has a 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 Performance
Shares of RGCO opened at $21.38 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.00 and a current ratio of 1.31. The stock has a 50 day moving average price of $20.35 and a two-hundred day moving average price of $19.88. The firm has a market capitalization of $217.65 million, a P/E ratio of 16.45 and a beta of 0.16. RGC Resources has a 52 week low of $15.36 and a 52 week high of $21.89.
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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