RGC Resources, Inc. Raises Annual Dividend to $0.83 per Share
RGC Resources (Nasdaq: RGCO) announced a quarterly dividend increase to $0.2075 per share, raising the annual dividend to $0.83 per share, representing a 3.8% increase from the previous level. This marks the company's 21st consecutive year of dividend increases and its 323rd consecutive quarterly cash dividend. The dividend will be paid on February 1, 2025, to shareholders of record on January 17, 2025. CEO Paul Nester highlighted strong operational and financial performance of Roanoke Gas utility and noted the completion of MVP in 2024, which now delivers natural gas to Southwest Virginia.
RGC Resources (Nasdaq: RGCO) ha annunciato un aumento del dividendo trimestrale a $0.2075 per azione, portando il dividendo annuale a $0.83 per azione, con un incremento del 3.8% rispetto al livello precedente. Questo segna il 21° anno consecutivo di aumenti del dividendo e il 323° dividendo trimestrale in contante consecutivo dell'azienda. Il dividendo sarà pagato il 1 febbraio 2025 agli azionisti registrati il 17 gennaio 2025. Il CEO Paul Nester ha evidenziato l'eccellente performance operativa e finanziaria dell'utility Roanoke Gas e ha menzionato il completamento del MVP nel 2024, che ora fornisce gas naturale al Southwest Virginia.
RGC Resources (Nasdaq: RGCO) anunció un aumento del dividendo trimestral a $0.2075 por acción, elevando el dividendo anual a $0.83 por acción, lo que representa un incremento del 3.8% con respecto al nivel anterior. Esto marca el 21º año consecutivo de aumentos en el dividendo y el 323º dividendo en efectivo trimestral consecutivo de la empresa. El dividendo se pagará el 1 de febrero de 2025 a los accionistas registrados el 17 de enero de 2025. El CEO Paul Nester destacó el sólido desempeño operativo y financiero del servicio público Roanoke Gas y mencionó la finalización del MVP en 2024, que ahora suministra gas natural al suroeste de Virginia.
RGC Resources (Nasdaq: RGCO)는 분기 배당금을 주당 $0.2075로 인상하여 연간 배당금을 $0.83로 높였으며, 이는 이전 수준보다 3.8% 증가한 것입니다. 이는 회사의 21년 연속 배당금 인상을 기록하며, 323번째 분기 현금 배당입니다. 배당금은 2025년 2월 1일에 2025년 1월 17일 기준의 주주들에게 지급될 예정입니다. CEO인 Paul Nester는 Roanoke Gas 유틸리티의 강력한 운영 및 재무 성과를 강조하며, 2024년 MVP의 완공을 언급했습니다. 이로 인해 이제 남서부 버지니아에 천연가스를 공급하고 있습니다.
RGC Resources (Nasdaq: RGCO) a annoncé une augmentation du dividende trimestriel à $0.2075 par action, portant le dividende annuel à $0.83 par action, ce qui représente une augmentation de 3.8% par rapport au niveau précédent. Cela marque la 21ème année consécutive d'augmentations de dividendes et le 323ème dividende trimestriel en espèces consécutif de la société. Le dividende sera versé le 1er février 2025 aux actionnaires inscrits au 17 janvier 2025. Le PDG Paul Nester a souligné la solide performance opérationnelle et financière de l'utilitaire Roanoke Gas et a noté l'achèvement du MVP en 2024, qui fournit désormais du gaz naturel au sud-ouest de la Virginie.
RGC Resources (Nasdaq: RGCO) hat eine Erhöhung der vierteljährlichen Dividende auf $0.2075 pro Aktie bekannt gegeben, wodurch die jährliche Dividende auf $0.83 pro Aktie steigt, was einem Anstieg von 3.8% im Vergleich zum vorherigen Niveau entspricht. Dies markiert das 21. Jahr in Folge mit Dividendensteigerungen und die 323. vierteljährliche Barausschüttung in Folge des Unternehmens. Die Dividende wird am 1. Februar 2025 an die Aktionäre, die am 17. Januar 2025 im Aktienregister stehen, ausgezahlt. CEO Paul Nester hob die starke betriebliche und finanzielle Leistung des Roanoke Gas-Dienstes hervor und erwähnte den Abschluss des MVP im Jahr 2024, das nun Erdgas nach Southwest Virginia liefert.
- 21st consecutive annual dividend increase demonstrates financial stability
- 3.8% dividend increase to $0.83 annual per share
- Completion of MVP project enhancing gas delivery infrastructure
- Strong operational and financial performance reported
- None.
ROANOKE, Va., Nov. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (Nasdaq: RGCO), at its meeting on November 22, 2024, declared a quarterly dividend of
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 and those set forth in the Company’s Form 10-Q for the quarter ended June 30, 2024 and Item 1-A in the Company’s fiscal 2023 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 VP, Treasurer and CFO |
| Telephone: | 540-777-3997 |
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