RGC Resources, Inc. Raises Annual Dividend to $0.80 per Share
28 Novembro 2023 - 5:45PM
The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at
its meeting on November 27, 2023, declared a quarterly dividend of
$0.20 per share on the Company’s common stock. The indicated annual
dividend is $0.80 per share, a $0.01 or 1.3% per share increase
over the prior annual level. The Company has now increased the
annual dividend 20 consecutive years. Paul Nester, CEO of RGC
Resources, Inc., stated, “The Roanoke Gas utility continues to
deliver solid operational and financial performance. Further, we
look forward to seeing the MVP completed in 2024. This dividend
increase, our 20th annual increase, reflects our commitment to
deliver long-term shareholder value.” The dividend will be paid on
February 1, 2024 to shareholders of record on January 17, 2024.
This is the Company’s 319th consecutive quarterly cash dividend.
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 and those set
forth in the Company’s Form 10-Q for the quarter ended June 30,
2023 and Item 1-A in the Company’s fiscal 2022 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 |
|
Interim CFO and
Treasurer |
Telephone: |
540-777-3997 |
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