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RGC Resources (RGC Resources) 3-Year Dividend Growth Rate

: 4.50% (As of Dec. 2023)
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RGC Resources's Dividends per Share for the three months ended in Dec. 2023 was $0.20.

The historical rank and industry rank for RGC Resources's 3-Year Dividend Growth Rate or its related term are showing as below:

RGCO' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -6.1   Med: 2.8   Max: 12.1
Current: 4.5

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of RGC Resources was 12.10% per year. The lowest was -6.10% per year. And the median was 2.80% per year.

RGCO's 3-Year Dividend Growth Rate is ranked worse than
52.05% of 292 companies
in the Utilities - Regulated industry
Industry Median: 5 vs RGCO: 4.50

During the past 12 months, RGC Resources's average Dividends Per Share Growth Rate was 1.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

RGC Resources's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.40. As of today, RGC Resources's Dividend Yield % is 4.21%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Utilities - Regulated Gas subindustry, RGC Resources's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RGC Resources 3-Year Dividend Growth Rate Distribution

For the Utilities - Regulated industry and Utilities sector, RGC Resources's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where RGC Resources's 3-Year Dividend Growth Rate falls into.



RGC Resources 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


RGC Resources  (NAS:RGCO) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

RGC Resources's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.198/ 0.5
=0.40

During the past 13 years, the highest Dividend Payout Ratio of RGC Resources was 0.80. The lowest was 0.53. And the median was 0.66.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

RGC Resources Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2002024-04-152024-04-162024-05-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.2002024-01-162024-01-172024-02-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.1982023-10-132023-10-162023-11-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.1982023-07-142023-07-172023-08-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

RGC Resources's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.796/19.00
=4.19 %

Current Share Price is $19.00.
RGC Resources's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.796.

During the past 13 years, the highest Dividend Yield of RGC Resources was 5.12%. The lowest was 1.90%. And the median was 3.28%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


RGC Resources 3-Year Dividend Growth Rate Related Terms>


RGC Resources (RGC Resources) Business Description

Traded in Other Exchanges
N/A
Address
519 Kimball Avenue North East, Roanoke, VA, USA, 24016
RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia and its surrounding localities as well as it also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other include the unregulated activities of the Company as well as certain corporate eliminations.
Executives
Christen Brooke Miles officer: VP, Human Resources P.O. BOX 13007, ROANOKE VA 24030
Lawrence T. Oliver officer: VP, Interim CFO, Sec. & Treas. P. O. BOX 13007, ROANOKE VA 24030
Robert B Johnston director
Jason A. Field officer: VP, Treasurer & CFO P. O. BOX 13007, ROANOKE VA 24030
Williamson John B Iii director, officer: Chairman, President & CEO PO BOX 13007, ROANOKE VA 24030
Paul W Nester officer: VP, Treasurer & CFO P.O. BOX 13007, ROANOKE VA 24030
Anita G Zucker 10 percent owner 4838 JENKINS AVE, N CHARLESTON SC 29405
Elizabeth A Mcclanahan director P. O. BOX 13007, ROANOKE VA 24030
Jacqueline L. Archer director P. O. BOX 13007, ROANOKE VA 24030
Burton Randall P. Ii other: Former VP, CFO, Sec. & Treas. P. O. BOX 13007, ROANOKE VA 24030
Shockley C James Jr officer: VP & COO P.O. BOX 13007, ROANOKE VA 24030
Wells Robert L Ii officer: VP, CIO, Asst. Sec. & Treas. P.O. BOX 13007, ROANOKE VA 24030
Nancy H Agee director PO BOX 13007, ROANOKE VA 24030
D Orazio John S officer: VP & COO Roanoke Gas Co (sub) PO BOX 13007, ROANOKE VA 24030
Smoot Raymond D Jr director P. O. BOX 13007, ROANOKE VA 24030