RGC Resources, Inc. Declares Quarterly Dividend
The Board of Directors of RGC Resources (NASDAQ: RGCO) declared a quarterly dividend of $0.195 per share, marking the 313th consecutive quarterly cash dividend.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of RGC Resources (NASDAQ: RGCO) declared a quarterly dividend of $0.195 per share, marking the 313th consecutive quarterly cash dividend. This dividend will be paid on August 1, 2022 to shareholders of record by July 15, 2022. RGC Resources, operating primarily in Virginia, provides energy and related services through its subsidiaries, including Roanoke Gas Company and RGC Midstream. The company has issued forward-looking statements, highlighting potential risks that may affect actual results compared to expectations.
Positive
- Quarterly dividend of $0.195 reflects ongoing shareholder returns.
- 313 consecutive quarterly dividends indicate strong financial stability.
Negative
- Forward-looking statements carry inherent risks that may affect anticipated financial performance.
Details
News Market Reaction – RGCO
The recorded move for RGCO in the trading session of this news was -1.17%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROANOKE, Va., April 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on April 25, 2022, declared a quarterly dividend of
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C.
From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.
| Contact: | Jason A. Field |
| Vice President and CFO | |
| Telephone: | 540-777-3997 |
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