ROANOKE, Va., Nov. 25, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (Nasdaq:RGCO), at its meeting on November 24, 2014, declared a quarterly dividend of $0.1925 per share on the Company's common stock. The indicated annual dividend is $0.77 per share, a $0.03 or 4.1% per share increase over the prior annual level. The Company has now increased the annual dividend 11 consecutive years and 18 out of the last 19 years. The dividend will be paid on February 1, 2015 to shareholders of record on January 15, 2015. This is the Company's 283rd consecutive quarterly cash dividend.
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company, Diversified Energy Company and RGC Ventures of Virginia, Inc.
From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements.
CONTACT: Paul W. Nester Vice President and CFO Telephone: 540-777-3837Source:RGC Resources, Inc.