RGC Resources, Inc. Declares 320th Consecutive Quarterly Dividend

Rhea-AI Summary

RGC Resources, Inc. (NASDAQ: RGCO) declared a quarterly dividend of $0.20 per share on February 5, 2024, marking its 320th consecutive quarterly cash dividend. The dividend will be paid on May 1, 2024, to shareholders of record on April 16, 2024. CEO Paul Nester emphasized the company's 80 years of consistent dividend payments, reflecting long-term financial performance and commitment to shareholders.

ROANOKE, Va., Feb. 06, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on February 5, 2024, declared a quarterly dividend of $0.20 per share on the Company’s common stock. The dividend will be paid on May 1, 2024 to shareholders of record on April 16, 2024. This is the Company’s 320th consecutive quarterly cash dividend. “We are pleased to recognize 80 years of consecutive quarterly dividend payments. It is a reflection of consistent, long-term financial performance and our continued commitment to deliver returns to our shareholders”, stated CEO Paul Nester.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C.

The statements in this release that are not historical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from any expectations expressed in the Company’s forward-looking statements, regarding customer growth, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations and regulatory and legal challenges along with risks included under Item 1-A in the Company’s fiscal 2023 Form 10-K. Forward-looking statements reflect the Company’s current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations.

Past performance is not necessarily a predictor of future results.

Contact:	Timothy J. Mulvaney Vice President, CFO and Treasurer
Telephone:	540-777-3997

FAQ

When was the quarterly dividend declared for RGC Resources, Inc. (RGCO)?

The quarterly dividend for RGCO was declared on February 5, 2024.

What is the amount of the quarterly dividend declared for RGC Resources, Inc. (RGCO)?

The quarterly dividend declared for RGCO is $0.20 per share.

When will the dividend be paid to shareholders of RGC Resources, Inc. (RGCO)?

The dividend will be paid on May 1, 2024, to shareholders of record on April 16, 2024.

How many consecutive quarterly cash dividends has RGC Resources, Inc. (RGCO) paid?

RGC Resources, Inc. has paid 320 consecutive quarterly cash dividends.

What does RGC Resources, Inc. (RGCO) provide to its customers?

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C.