Southwest Gas Corporation (SWX) to Issue Quarterly Dividend of $0.62 on March 2nd

Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Wednesday, November 19th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.62 per share by the utilities provider on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 17th.

Southwest Gas has raised its dividend by an average of 0.0%per year over the last three years. Southwest Gas has a payout ratio of 60.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Southwest Gas to earn $3.69 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 67.2%.

Southwest Gas Stock Performance

Shares of Southwest Gas stock opened at $87.99 on Friday. Southwest Gas has a 12 month low of $64.69 and a 12 month high of $88.04. The company has a current ratio of 1.55, a quick ratio of 1.43 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $82.26 and a two-hundred day simple moving average of $80.29. The firm has a market capitalization of $6.35 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.32 and a beta of 0.65.

About Southwest Gas

Southwest Gas Corporation (NYSE: SWX) is a publicly traded natural gas utility that provides regulated gas distribution services to residential, commercial, industrial and electric generation customers. The company’s core activities include the transportation, distribution and sale of natural gas through an extensive network of pipelines, service lines and metering facilities. Southwest Gas also offers related services such as system maintenance, pipeline safety inspections, emergency response and line extensions to support customer growth and ensure reliable gas delivery.

Founded in 1931 in southern Nevada, Southwest Gas has grown through strategic acquisitions and organic expansion to become one of the nation’s larger natural gas utilities by customer count.