RGC Resources, Inc. Declares Quarterly Dividend
RGC Resources, Inc. recently announced an important milestone for its shareholders. At a recent meeting, the Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s common stock. This dividend is a testament to the Company’s ongoing commitment to delivering value to its shareholders.
Long-standing Dividend History
This declared dividend marks the 322nd consecutive quarterly cash dividend for RGC Resources, Inc., underlining a stable dividend policy that has consistently rewarded investors over the years. Shareholders can expect the dividend payment on a set date, allowing them to plan their finances accordingly.
Shareholder Value and Future Outlook
Shareholders of record will receive their payments on November 1, adding to the reliability of RGC Resources, Inc. as a dividend-paying entity. The declaration illustrates the Company’s focus on shareholder value amidst the dynamic landscape of the energy sector.
Company Operations
RGC Resources, Inc. is deeply integrated into the energy sector in Virginia, providing essential products and services through its subsidiaries, including Roanoke Gas Company and RGC Midstream, L.L.C. The Company’s operations are vital for meeting the energy needs of local customers while maintaining a responsible and sustainable approach to energy distribution.
Market Dynamics and Risks
While the Company confidently shares its dividend announcement, it also acknowledges the potential effects of market dynamics on its operations. Factors such as fluctuating gas prices, supply chain issues, and regulatory challenges can impact performance and future growth. Understanding these market dynamics is crucial for investors and stakeholders alike.
Contact Information
For more detailed inquiries, interested parties can reach out to Timothy J. Mulvaney, the Vice President, CFO, and Treasurer of RGC Resources, Inc. He is available at the telephone number 540-777-3997. Engaging with the Company can provide valuable insights into their ongoing strategies and financial health.
Frequently Asked Questions
What is the amount of the declared quarterly dividend by RGC Resources, Inc.?
The declared quarterly dividend is $0.20 per share for shareholders of the Company’s common stock.
When will the dividend be paid to shareholders?
The dividend will be paid on November 1, with a record date of October 18 for shareholders.
How many consecutive quarterly dividends has RGC Resources declared?
RGC Resources, Inc. has declared its 322nd consecutive quarterly cash dividend, showcasing its commitment to consistent returns.
What services does RGC Resources, Inc. provide?
The Company provides energy and related services through its subsidiaries, including Roanoke Gas Company and RGC Midstream, L.L.C.
Who should I contact for more information about RGC Resources, Inc.?
You can contact Timothy J. Mulvaney, the Vice President, CFO, and Treasurer, at the phone number 540-777-3997 for more information.
