Is It Time To Review Stock News? RGC Resources (NASDAQ:RGCO)

On Monday RGC Resources (NASDAQ:RGCO) stock recorded daily change of 1.38% to close at $28.57 with the total traded volume of 6906 shares along average volume of 6394 shares 52 week range of the stock remained $ 25.63 – 31 while its day low price was $28.35 and its hit its day high price at $29.11. Its previous closing value stands at $28.18. RGCO total market capitalization is $230417047. Currently stocks EPS is $1.08 while its price to earnings ratio is 26.45.

On Nov. 25, 2019, The Board of Directors of RGC Resources (NASDAQ:RGCO) at its meeting on November 25, 2019, notified a quarterly dividend of $0.175 per share on the Company’s common stock. The indicated annual dividend is $0.70 per share, a $0.04 or 6.1% per share increase over the prior annual level. The Company has now increased the annual dividend 16 consecutive years. John D’Orazio, President and CEO of RGC Resources, stated, The 6.1% increase reflects our solid financial performance, confidence in our business strategy and our continued commitment to deliver dividend growth to our shareholders. The dividend will be paid on February 1, 2020 to shareholders of record on January 15, 2020. This is the Company’s 303rd consecutive quarterly cash dividend.

RGC Resources provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream, LLC.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. 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 the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.

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