Southwest Gas Floats Third-Quarter Dividend
Natural gas provider Southwest Gas announced yesterday its third-quarter dividend of $0.33 per share, the same rate it paid for the last two quarters after it raised the payout from $0.295 per share.
The board of directors said the quarterly dividend is payable on Sept. 3 to the holders of record at the close of business on Aug. 15. Southwest Gas has paid a dividend every quarter since going public in 1956 and has regularly increased the payout over that time period.
The regular dividend payment equates to a $1.32-per-share annual dividend yielding 2.6% based on the closing price of Southwest Gas' stock on May 8.
The article Southwest Gas Floats Third-Quarter Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.