RGC Resources Inc. (RGCO) to Issue Quarterly Dividend of $0.22 on November 2nd

RGC Resources Inc. (NASDAQ:RGCO) declared a quarterly dividend on Monday, September 28th. Shareholders of record on Friday, October 16th will be given a dividend of $0.2175 per share by the energy company on Monday, November 2nd. This represents a $0.87 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, October 16th.

RGC Resources has a payout ratio of 67.4% indicating that its dividend is sufficiently covered by earnings.

RGC Resources Price Performance

Shares of RGCO opened at $22.73 on Wednesday. The company has a market capitalization of $236.85 million, a price-to-earnings ratio of 16.87 and a beta of 0.50. RGC Resources has a fifty-two week low of $20.55 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.94 and a quick ratio of 0.67. The business’s 50-day moving average is $21.66 and its 200-day moving average is $22.57.

RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). RGC Resources had a return on equity of 11.73% and a net margin of 13.05%. The company had revenue of $17.11 million for the quarter, compared to analyst estimates of $18.19 million.

About RGC Resources

RGC Resources, Inc is a holding company whose principal subsidiary, Roanoke Gas Company, distributes natural gas to residential, commercial and industrial customers in and around Roanoke, Virginia. The company’s operations include the delivery of natural gas through a regulated local distribution system and related customer services.

Roanoke Gas Company has served the Roanoke Valley for more than a century, developing and maintaining the infrastructure needed to provide natural gas to communities in southwestern Virginia.