RGC Resources, Inc. Announces Quarterly Dividend
The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO) has recently approved a quarterly dividend of $0.2075 per share on the Company’s common stock. This dividend marks a significant milestone as the Company prepares to distribute it on May 1 to shareholders who are on record as of April 17. With this decision, RGC Resources continues its history of reliability, now reaching its impressive 324th consecutive quarterly cash dividend.
About RGC Resources, Inc.
RGC Resources, Inc. operates out of Virginia, offering energy and related services through its well-known subsidiaries, including Roanoke Gas Company and RGC Midstream, L.L.C. The Company prides itself on providing quality services to customers while maintaining a commitment to growth and operational excellence.
Understanding the Dividend Payment
This latest dividend payment reflects the Company’s strong financial health and commitment to returning value to its shareholders. Regular dividends can be an essential component of an investor's return on investment, providing a steady income stream, which is particularly appealing in today's fluctuating markets.
Consistent Performance
Throughout its history, RGC Resources has shown resilience and stability. The consistent dividend payouts demonstrate the Company's dedication to maintaining solid financial performance, fostering investor confidence, and supporting continuous growth initiatives.
Future Growth and Expectations
While RGC Resources maintains a robust dividend policy, it is important to note that various market factors could influence future operations. The Company keeps a close eye on aspects such as gas prices, supply chain dynamics, and potential regulatory implications. These factors can certainly impact RGC's strategic decisions moving forward.
Contact Information
For further inquiries regarding the dividend or any shareholder concerns, please reach out to:
Timothy J. Mulvaney
Vice President, Treasurer and CFO
Telephone: 540-777-3997
Frequently Asked Questions
What is the amount of the declared dividend per share?
The declared dividend is $0.2075 per share.
When will the dividend be paid?
The dividend will be paid on May 1 to shareholders of record as of April 17.
How many consecutive quarterly dividends has RGC declared?
This is the 324th consecutive dividend declared by RGC Resources.
What services does RGC Resources provide?
RGC Resources provides energy and related products and services through subsidiaries such as Roanoke Gas Company.
How can I contact RGC Resources for more information?
You can reach Timothy J. Mulvaney at 540-777-3997 for more details regarding the Company or dividends.
