RGC Resources Inc. (RGCO) to Issue Quarterly Dividend of $0.15 on November 1st

RGC Resources Inc. (NASDAQ:RGCO) announced a quarterly dividend on Tuesday, September 26th, Zacks reports. Stockholders of record on Monday, October 16th will be given a dividend of 0.145 per share by the energy company on Wednesday, November 1st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, October 13th.

Shares of RGC Resources (NASDAQ:RGCO) opened at 31.08 on Thursday. The company has a market capitalization of $224.77 million, a PE ratio of 36.01 and a beta of 0.13. The stock’s 50 day moving average price is $27.77 and its 200-day moving average price is $25.99. RGC Resources has a 1-year low of $16.00 and a 1-year high of $31.99.

RGC Resources (NASDAQ:RGCO) last posted its earnings results on Monday, July 31st. The energy company reported $0.08 earnings per share for the quarter. RGC Resources had a return on equity of 10.70% and a net margin of 10.01%. The company had revenue of $11.44 million for the quarter.

A number of hedge funds have recently bought and sold shares of the business. State Street Corp bought a new position in RGC Resources in the second quarter valued at about $1,950,000. Vanguard Group Inc. lifted its holdings in RGC Resources by 56.0% in the second quarter. Vanguard Group Inc. now owns 42,896 shares of the energy company’s stock valued at $1,215,000 after acquiring an additional 15,393 shares during the period. Finally, California State Teachers Retirement System bought a new position in RGC Resources in the second quarter valued at about $334,000.

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RGC Resources Company Profile

RGC Resources, Inc (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary.

Dividend History for RGC Resources (NASDAQ:RGCO)

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