Southwest Gas (SWX) Raises Quarterly Dividend 4.6% to $0.57; 3.1% Yield
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Southwest Gas (SWX) Tops Q4 EPS by 23c; Provides FY20 EPS Outlook
February 26, 2020 4:34 PM ESTSouthwest Gas (NYSE: SWX) reported Q4 EPS of $1.67, $0.23 better than the analyst estimate of $1.44.
Commenting on Southwest Gas Holdings' performance and outlook, John P. Hester, President and Chief Executive Officer, said: "We are pleased to report 2019 diluted earnings per share of $3.94, which surpassed our revised annual expectations. Our natural gas operations benefited from strong local economies, population growth out-pacing the national average, and active new home construction, all contributing to our additional 34,000 net new customers. Income from investments underlying COLI policies posted outsized returns in 2019, reflective of the broader bullish stock market. Centuri, our utility... More
