Southwest Gas Holdings Declares First Quarter 2025 Dividend

Rhea-AI Summary

Southwest Gas Holdings (NYSE: SWX) has announced its first quarter 2025 dividend of $0.62 per share, payable March 3, 2025, to shareholders of record as of February 18, 2025. This dividend represents an annualized rate of $2.48 per share. The company has maintained a consistent record of quarterly dividend payments since its public listing in 1956. Southwest Gas serves over 2 million customers across Arizona, Nevada, and California, providing natural gas distribution and transportation services.

Positive

• Consistent dividend payment history since 1956, demonstrating financial stability
• Maintains quarterly dividend of $0.62 per share ($2.48 annualized)
• Large customer base of over 2 million across three states

Negative

• None.

Insights

Financial Analyst

Southwest Gas Holdings' quarterly dividend declaration of $0.62 per share maintains its consistent dividend payment history since 1956. The annualized dividend of $2.48 per share represents a dividend yield of approximately 3.8% based on current stock price levels. This continuation of dividend payments demonstrates the company's stable financial position and commitment to shareholder returns. As a regulated utility company, SWX typically provides reliable dividend income, making it attractive to income-focused investors. The company's large customer base of over 2 million and essential service nature support sustainable dividend payments. However, dividend growth potential may be by regulatory constraints and capital investment needs in infrastructure modernization.

LAS VEGAS, Nov. 20, 2024 /PRNewswire/ -- The Board of Directors for Southwest Gas Holdings, Inc. ("Southwest Gas") (NYSE: SWX) has declared the following first quarter cash dividend:

Common Stock
Payable	March 3, 2025
Of Record	February 18, 2025
Dividend	$0.62 per share

The dividend equates to $2.48 per share on an annualized basis.  The Company has paid quarterly dividends continuously since going public in 1956.

Additional dividend information, including the tax status of Southwest Gas' dividend distributions, can be obtained through the Investor Relations section of Southwest Gas' website, www.swgasholdings.com.

About Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc., based in Las Vegas, Nevada, through its primary operating subsidiary Southwest Gas Corporation, engages in the business of purchasing, distributing, and transporting natural gas. In addition, Southwest Gas Holdings, Inc. is the majority owner of Centuri Holdings, Inc., which provides comprehensive utility infrastructure services across North America. Southwest Gas Corporation is a dynamic energy company committed to exceeding the expectations of over 2 million residential, commercial, and industrial customers throughout portions of Arizona, Nevada, and California by providing safe and reliable service while innovating sustainable energy solutions to fuel the growth in its communities.

 

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SOURCE Southwest Gas Holdings, Inc.

FAQ

What is Southwest Gas Holdings' (SWX) dividend amount for Q1 2025?

Southwest Gas Holdings (SWX) declared a Q1 2025 dividend of $0.62 per share, which equals $2.48 per share on an annualized basis.

When is Southwest Gas Holdings' (SWX) Q1 2025 dividend payable?

The Q1 2025 dividend is payable on March 3, 2025, to shareholders of record as of February 18, 2025.

How long has Southwest Gas Holdings (SWX) been paying quarterly dividends?

Southwest Gas Holdings has been paying quarterly dividends continuously since going public in 1956.