Southwest Gas Corporation (NYSE:SWX) to Issue Quarterly Dividend of $0.65

Southwest Gas Corporation (NYSE:SWX) announced a quarterly dividend on Wednesday, October 14th. Investors of record on Monday, November 16th will be given a dividend of $0.6450 per share by the utilities provider on Tuesday, December 1st. This represents a $2.58 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, November 16th.

Southwest Gas has a dividend payout ratio of 62.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Southwest Gas to earn $5.00 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 51.6%.

Southwest Gas Price Performance

Shares of NYSE:SWX opened at $85.17 on Thursday. The firm has a market capitalization of $6.17 billion, a PE ratio of 11.12, a PEG ratio of 1.80 and a beta of 0.57. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83. Southwest Gas has a 1-year low of $76.99 and a 1-year high of $94.46. The business’s 50 day moving average is $87.14 and its 200-day moving average is $88.86.

Southwest Gas (NYSE:SWX) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%. The business had revenue of $358.15 million during the quarter, compared to analysts’ expectations of $416.20 million. During the same period in the prior year, the firm posted ($0.18) EPS. Southwest Gas’s quarterly revenue was down 9.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Sell-side analysts predict that Southwest Gas will post 4.27 earnings per share for the current year.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc (NYSE: SWX) is an energy company whose principal business is the regulated distribution of natural gas through its Southwest Gas Corporation subsidiary. The utility delivers natural gas to residential, commercial, industrial and other customers, providing an essential energy service for heating, cooking and business operations.

Southwest Gas serves customers across portions of Arizona, Nevada and California through an extensive network of pipelines and related infrastructure.