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Southwest Gas Keeps Dividend Steady

By Rich Duprey - Sep 17, 2013 at 10:59PM

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The utility has paid quarterly dividends continuously since going public in 1956.

Natural gas utility Southwest Gas (SWX 3.31%) announced today its fourth-quarter dividend of $0.33 per share, the same rate it's paid for the past two quarters after raising the payout 12% from $0.295 per share.

The board of directors said the quarterly dividend is payable on December 2 to holders of record at the close of business on November 15. The utility has paid quarterly dividends continuously since going public in 1956.

The regular dividend payment equates to a $1.32-per-share annual dividend, yielding 2.8% based on the closing price today of Southwest Gas's stock.

SWX Dividend Chart

SWX Dividend data by YCharts.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. 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.

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Stocks Mentioned

Southwest Gas Holdings, Inc. Stock Quote
Southwest Gas Holdings, Inc.
SWX
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