November 28, 2016
Contact: John S. D'Orazio
President and CEO
RAISES ANNUAL DIVIDEND 7.4% TO $0.87 PER SHARE
The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO),
at its meeting on November 28, 2016, declared a quarterly
dividend of $0.2175 per share on the Company's common stock.
The indicated annual dividend is $0.87 per share, a $0.06
or 7.4% per share increase over the prior annual level.
The Company has now increased the annual dividend 13 consecutive
years. John D'Orazio, President and CEO of RGC Resources,
Inc., stated, "The 7.4% increase reflects confidence
in our business strategy and our continued commitment to
deliver dividend growth to our investors." The dividend
will be paid on February 1, 2017 to shareholders of record
on January 17, 2017. This is the Company's 291st consecutive
quarterly cash dividend.
RGC Resources, Inc. provides energy and related products
and services to customers in Virginia through its operating
subsidiaries Roanoke Gas Company and RGC Midstream, LLC.
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. Past performance
is not necessarily a predictor of future results.