RGC Resources Boosts Quarterly Dividend 3.8%

Dow Jones

2024-11-23

By Sarina Isaacs

RGC Resources raised its quarterly dividend by 3.8% to 20.75 cents a share from 20 cents.

The Roanoke, Va.-based natural gas company said on Friday the decision by its board of directors raised the payout to 83 cents on an annual basis. That represents a yield of 3.8% based on Friday's closing stock price of $21.24 per share.

The company last raised its dividend about year ago when it boosted its quarterly payout to 20 cents per share.

The dividend will be paid on Feb. 1 to shareholders of record on Jan. 17.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

November 22, 2024 17:07 ET (22:07 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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