RGC Resources, Inc. Declares Quarterly Dividend
RGC Resources (NASDAQ: RGCO) has announced its 324th consecutive quarterly dividend payment.
Sentiment and the balance of points
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Rhea-AI Summary
RGC Resources (NASDAQ: RGCO) has announced its 324th consecutive quarterly dividend payment. The company declared a quarterly dividend of $0.2075 per share on its common stock, scheduled for payment on May 1, 2025, to shareholders of record as of April 17, 2025.
RGC Resources operates through its subsidiaries, including Roanoke Gas Company and RGC Midstream, providing energy and related services to customers in Virginia. The company acknowledges various risk factors that could affect future performance, including gas prices, supply challenges, geopolitical considerations, and regulatory issues.
Positive
- 324 consecutive quarterly dividend payments demonstrating strong dividend reliability
- Maintained consistent quarterly dividend of $0.2075 per share
Negative
- Company faces multiple risk factors including gas price volatility and supply challenges
- Exposure to regulatory and legal uncertainties that could impact operations
Details
News Market Reaction – RGCO
The recorded move for RGCO in the trading session of this news was +1.16%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROANOKE, Va., March 28, 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 |
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