RGC Resources, Inc., through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,157 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 6 metering stations. RGC Resources, Inc. was founded in 1883 and is based in Roanoke, Virginia.
RGC Resources Dividend Announcement
• RGC Resources announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-11-01. Ex dividend date: 2024-10-18
• RGC Resources annual dividend for 2024 was $0.80
• RGC Resources annual dividend for 2023 was $0.79
• RGC Resources's trailing twelve-month (TTM) dividend yield is 3.92%
• RGC Resources's payout ratio for the trailing twelve months (TTM) is 63.50%
• RGC Resources's dividend growth over the last five years (2018-2023) was 4.97% year
• RGC Resources's dividend growth over the last ten years (2013-2023) was 0.93% year
RGC Resources Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-18 | $0.20 | quarterly | 2024-11-01 |
2024-07-17 | $0.20 | quarterly | 2024-08-01 |
2024-04-15 | $0.20 | quarterly | 2024-05-01 |
2024-01-16 | $0.20 | quarterly | 2024-02-01 |
2023-10-13 | $0.20 | quarterly | 2023-11-01 |
2023-07-14 | $0.20 | quarterly | 2023-08-01 |
2023-04-14 | $0.20 | quarterly | 2023-05-01 |
2023-01-17 | $0.20 | quarterly | 2023-02-01 |
2022-10-13 | $0.20 | quarterly | 2022-11-01 |
2022-07-14 | $0.20 | quarterly | 2022-08-01 |
2022-04-13 | $0.20 | quarterly | 2022-05-01 |
2022-01-14 | $0.20 | quarterly | 2022-02-01 |
2021-10-14 | $0.18 | quarterly | 2021-11-01 |
2021-07-14 | $0.18 | quarterly | 2021-08-01 |
2021-04-14 | $0.18 | quarterly | 2021-05-01 |
2021-01-14 | $0.18 | quarterly | 2021-02-01 |
2020-10-14 | $0.17 | quarterly | 2020-11-01 |
2020-07-14 | $0.17 | quarterly | 2020-08-01 |
2020-04-14 | $0.17 | quarterly | 2020-05-01 |
2020-01-14 | $0.17 | quarterly | 2020-02-01 |
2019-10-11 | $0.17 | quarterly | 2019-11-01 |
2019-07-12 | $0.17 | quarterly | 2019-08-01 |
2019-04-12 | $0.17 | quarterly | 2019-05-01 |
2019-01-14 | $0.17 | quarterly | 2019-02-01 |
2018-10-12 | $0.15 | quarterly | 2018-11-01 |
2018-07-13 | $0.15 | quarterly | 2018-08-01 |
2018-04-13 | $0.15 | quarterly | 2018-05-01 |
2018-01-12 | $0.15 | quarterly | 2018-02-01 |
2017-10-13 | $0.14 | quarterly | 2017-11-01 |
2017-07-13 | $0.14 | quarterly | 2017-08-01 |
2017-04-12 | $0.14 | quarterly | 2017-05-01 |
2017-01-12 | $0.22 | quarterly | 2017-02-01 |
2016-10-13 | $0.20 | quarterly | 2016-11-01 |
2016-07-13 | $0.20 | quarterly | 2016-08-01 |
2016-04-13 | $0.20 | quarterly | 2016-05-01 |
2016-01-13 | $0.20 | quarterly | 2016-02-01 |
2015-10-13 | $0.19 | quarterly | 2015-11-01 |
2015-07-13 | $0.19 | quarterly | 2015-08-01 |
2015-04-13 | $0.19 | quarterly | 2015-05-01 |
2015-01-13 | $0.19 | quarterly | 2015-02-01 |
2014-10-10 | $0.18 | quarterly | 2014-11-01 |
2014-07-11 | $0.18 | quarterly | 2014-08-01 |
2014-04-11 | $0.18 | quarterly | 2014-05-01 |
2014-01-13 | $0.18 | quarterly | 2014-02-01 |
2013-10-10 | $0.18 | quarterly | 2013-11-01 |
2013-07-11 | $0.18 | quarterly | 2013-08-01 |
2013-04-11 | $0.18 | quarterly | 2013-05-01 |
2013-01-11 | $0.18 | quarterly | 2013-02-01 |
RGC Resources Dividend per year
RGC Resources Dividend growth
RGC Resources Dividend Yield
RGC Resources current trailing twelve-month (TTM) dividend yield is 3.92%. Interested in purchasing RGC Resources stock? Use our calculator to estimate your expected dividend yield:
RGC Resources Financial Ratios
RGC Resources Dividend FAQ
Other factors to consider when evaluating RGC Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: RGC Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, RGC Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, RGC Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from RGC Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: RGC Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, RGC Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: RGC Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of RGC Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review RGC Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.