RGC Resources raises annual dividend to 80c per share

The board of directors of RGC Resources, at its meeting on November 27, declared a quarterly dividend of 20c per share on the company’s common stock. The indicated annual dividend is 80c per share, a 1c or 1.3% per share increase over the prior annual level. Paul Nester, CEO of RGC Resources, stated, “The Roanoke Gas utility continues to deliver solid operational and financial performance. Further, we look forward to seeing the MVP completed in 2024. This dividend increase, our 20th annual increase, reflects our commitment to deliver long-term shareholder value.” The dividend will be paid on February 1, 2024 to shareholders of record on January 17, 2024.