RGC Resources, Inc. Declares Quarterly Dividend
Rhea-AI Summary
RGC Resources, Inc. (NASDAQ: RGCO) has announced its latest quarterly dividend. The Board of Directors declared a dividend of $0.20 per share on the company's common stock during their meeting on September 30, 2024. This dividend will be paid on November 1, 2024 to shareholders of record as of October 18, 2024.
Notably, this marks RGC Resources' 322nd consecutive quarterly cash dividend, highlighting the company's consistent commitment to shareholder returns. RGC Resources operates in Virginia, providing energy and related products and services through its subsidiaries, including Roanoke Gas Company and RGC Midstream, L.L.C.
Positive
- Declared quarterly dividend of $0.20 per share
- 322nd consecutive quarterly cash dividend, demonstrating consistent shareholder returns
- Maintains regular dividend schedule, indicating financial stability
Negative
- None.
News Market Reaction – RGCO
On the day this news was published, RGCO declined 5.67%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
ROANOKE, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on September 30, 2024, 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 2023 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, CFO and Treasurer |
| Telephone: | 540-777-3997 |
