RGC Resources (RGCO) Raises Quarterly Dividend 5.2% to $0.2025; 3.8% Yield
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RGC Resources, Inc. Declares Dividend Increase, Releases Annual and Fourth Quarter Financial Results
November 23, 2015 5:00 PM ESTROANOKE, Va., Nov. 23, 2015 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $5,094,415 or $1.08 per average share outstanding for the fiscal year ended September 30, 2015. This compares to consolidated earnings of $4,708,440 or $1.00 per average share outstanding for the year ended September 30, 2014. CEO John DOrazio attributed the increase in earnings to improved utility margins, customer growth and lower interest expense. DOrazio stated further, The Company also established a new single day natural gas delivery record in February. As a result of the continuing efforts to modernize our system, we did not experience any... More
