RGC Resources, Inc. Declares Quarterly Dividend
Rhea-AI Summary
RGC Resources has announced its 325th consecutive quarterly dividend payment of $0.2075 per share on common stock. The dividend will be distributed on August 1, 2025, to shareholders recorded as of July 18, 2025.
The company, operating through its subsidiaries Roanoke Gas Company and RGC Midstream, provides energy and related services to customers in Virginia. This consistent dividend declaration demonstrates the company's commitment to shareholder returns.
The announcement includes cautionary statements regarding forward-looking expectations, noting various risk factors that could affect future performance, including:
- Gas prices and supply fluctuations
- Geopolitical considerations
- Regulatory and legal challenges
Positive
- 325th consecutive quarterly dividend payment demonstrates strong dividend history and financial stability
- Maintained quarterly dividend of $0.2075 per share, showing consistent shareholder returns
Negative
- No dividend increase announced, potentially indicating limited growth
- Company notes risks related to gas prices, supply, and regulatory challenges that could affect future performance
News Market Reaction – RGCO
On the day this news was published, RGCO gained 4.06%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ROANOKE, Va., April 29, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO) 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.
The statements in this release that are not historical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. 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 any expectations expressed in the Company’s forward-looking statements, regarding customer growth, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations and regulatory and legal challenges along with risks included under Item 1-A in the Company’s fiscal 2024 Form 10-K. Forward-looking statements reflect the Company’s current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations.
Past performance is not necessarily a predictor of future results.
| Contact: | Timothy J. Mulvaney |
| Vice President, Treasurer and CFO | |
| Telephone: | 540-777-3997 |
