Southwest Gas Corporation (NYSE:SWX) Declares $0.62 Quarterly Dividend

Southwest Gas Corporation (NYSE:SWX) announced a quarterly dividend on Wednesday, November 19th. Investors of record on Tuesday, February 17th will be paid a dividend of 0.62 per share by the utilities provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, February 17th.

Southwest Gas has increased its dividend by an average of 0.0%per year over the last three years. Southwest Gas has a payout ratio of 60.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Southwest Gas to earn $3.69 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 67.2%.

Southwest Gas Trading Up 1.7%

Shares of NYSE:SWX traded up $1.35 during trading on Thursday, reaching $80.38. The company’s stock had a trading volume of 26,705 shares, compared to its average volume of 413,888. The stock has a market capitalization of $5.80 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 2.28 and a beta of 0.57. The firm’s 50 day simple moving average is $79.34 and its two-hundred day simple moving average is $76.70. Southwest Gas has a 12 month low of $64.69 and a 12 month high of $82.51. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.07.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $316.91 million during the quarter, compared to analysts’ expectations of $1.08 billion. Southwest Gas had a net margin of 4.06% and a return on equity of 6.98%. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, research analysts predict that Southwest Gas will post 3.03 EPS for the current fiscal year.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.