RGC Resources Inc. (RGCO) Issues Quarterly Earnings Results
RGC Resources Inc. (NASDAQ:RGCO) posted its quarterly earnings results on Wednesday. The company reported $0.03 EPS for the quarter. The company earned $9.98 million during the quarter, compared to analysts’ expectations of $9.74 million. RGC Resources had a return on equity of 10.36% and a net margin of 9.69%.
RGC Resources (NASDAQ:RGCO) traded down 1.62% during mid-day trading on Wednesday, reaching $24.52. The company’s stock had a trading volume of 3,740 shares. RGC Resources has a 1-year low of $20.66 and a 1-year high of $26.00. The firm has a 50-day moving average of $24.41 and a 200 day moving average of $24.09. The firm has a market capitalization of $117.16 million, a price-to-earnings ratio of 20.47 and a beta of 0.29.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 17th were issued a $0.2025 dividend. This represents a $0.81 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, October 13th. RGC Resources’s dividend payout ratio (DPR) is 68.07%.
About RGC Resources
RGC Resources, Inc is an energy services company. The Company is primarily engaged in the sale and distribution of natural gas to approximately 59,000 residential, commercial and industrial customers in Roanoke, Virginia and the surrounding localities. The Company conducts its operations primarily through its subsidiaries, including Roanoke Gas Company (Roanoke Gas), Diversified Energy Company, RGC Ventures of Virginia, Inc and RGC Midstream, LLC.
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