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RGC Resources, Inc. (NASDAQ: RGCO) announced the declaration of a $0.20 per share quarterly dividend for its common stock, marking the 321st consecutive quarterly cash dividend. The dividend will be paid on August 1, 2024, to shareholders of record on July 17, 2024. RGC Resources, Inc. provides energy and related products and services in Virginia through its subsidiaries.
RGC Resources, Inc. reported second-quarter earnings with a slight increase in consolidated company earnings compared to the same period last year. The earnings were driven by improved utility margins, investments in utility infrastructure, and earnings from the Company's investment in the Mountain Valley Pipeline, However, lower revenues due to a mild winter and inflationary cost pressures pose challenges to earnings. The Company's net income for the first six months of fiscal 2024 showed a significant increase primarily due to earnings from the MVP.
