RGC Resources Inc. (RGCO) Increases 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 given a dividend of 0.155 per share by the energy company on Thursday, February 1st. This represents a $0.62 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, January 12th. This is an increase from RGC Resources’s previous quarterly dividend of $0.15.

RGC Resources (NASDAQ:RGCO) traded up $0.39 during midday trading on Tuesday, reaching $26.74. The company had a trading volume of 27,700 shares, compared to its average volume of 15,463. The stock has a market cap of $190.58, a price-to-earnings ratio of 30.76 and a beta of 0.12. RGC Resources has a twelve month low of $16.31 and a twelve month high of $31.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.83 and a quick ratio of 0.43.

RGC Resources (NASDAQ:RGCO) last released 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 return on equity of 10.57% and a net margin of 10.01%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of RGC Resources by 56.0% during the 2nd quarter. Vanguard Group Inc. now owns 42,896 shares of the energy company’s stock valued at $1,215,000 after purchasing an additional 15,393 shares during the last quarter. State Street Corp purchased a new stake in shares of RGC Resources during the 2nd quarter valued at $1,950,000. Finally, California State Teachers Retirement System purchased a new stake in shares of RGC Resources during the 2nd quarter valued at $334,000.

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About RGC Resources

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.

Dividend History for RGC Resources (NASDAQ:RGCO)

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