Welcome to our dedicated page for RGC Resources news (Ticker: $RGCO), a resource for investors and traders seeking the latest updates and insights on RGC Resources stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RGC Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RGC Resources's position in the market.
RGC Resources, Inc. (NASDAQ: RGCO) announced the declaration of a $0.20 per share quarterly dividend for its common stock, marking the 321st consecutive quarterly cash dividend. The dividend will be paid on August 1, 2024, to shareholders of record on July 17, 2024. RGC Resources, Inc. provides energy and related products and services in Virginia through its subsidiaries.
RGC Resources, Inc. reported second-quarter earnings with a slight increase in consolidated company earnings compared to the same period last year. The earnings were driven by improved utility margins, investments in utility infrastructure, and earnings from the Company's investment in the Mountain Valley Pipeline, However, lower revenues due to a mild winter and inflationary cost pressures pose challenges to earnings. The Company's net income for the first six months of fiscal 2024 showed a significant increase primarily due to earnings from the MVP.