Southwest Gas Holdings Declares First Quarter 2021 Dividend

Rhea-AI Summary

Southwest Gas Holdings has declared a first-quarter cash dividend of $0.57 per share, payable on March 1, 2021, to shareholders of record as of February 16, 2021. This dividend translates to an annualized rate of $2.28 per share and continues the company's trend of paying quarterly dividends since going public in 1956. The company operates through two segments: Southwest Gas Corporation, providing natural gas services to over two million customers in Arizona, Nevada, and California, and Centuri Group, Inc., focused on utility infrastructure services across North America.

Positive

• Dividend of $0.57 per share signals financial stability.
• Consistent dividend payments since 1956 enhance investor confidence.

Negative

• None.

LAS VEGAS, Nov. 18, 2020 /PRNewswire/ -- The Board of Directors for Southwest Gas Holdings, Inc. (NYSE: SWX) has declared the following first quarter cash dividend:

Common Stock
Payable	March 1, 2021
Of Record	February 16, 2021
Dividend	$0.57 per share

The dividend equates to $2.28 per share on an annualized basis.  The Company has paid quarterly dividends continuously since going public in 1956.

Southwest Gas Holdings has two business segments:

Southwest Gas Corporation provides safe and reliable natural gas service to over two million customers in Arizona, Nevada, and California.

Centuri Group, Inc. is a comprehensive utility infrastructure services enterprise dedicated to delivering a diverse array of solutions to North America's gas and electric providers.  Centuri derives revenue primarily from installation, replacement, repair, and maintenance of energy distribution systems.

 

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SOURCE Southwest Gas Holdings, Inc.

FAQ

What is the dividend payment date for Southwest Gas Holdings?

The dividend is payable on March 1, 2021.

What is the amount of the declared dividend for SWX?

The declared dividend is $0.57 per share.

When is the record date for the dividend for SWX?

The record date for the dividend is February 16, 2021.

How much is the annual dividend for Southwest Gas Holdings?

The annual dividend amounts to $2.28 per share.