Seatrium Reaches $475 Million Settlement With Maersk Over Offshore Wind Vessel Project 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
ROANOKE, Va., Jan. 17, 2017 -- RGC Resources, Inc. (NASDAQ:RGCO) today announced that its Board of Directors has approved a three-for-two stock split of the Company’s outstanding common stock. The stock split will be effected in the form of a stock dividend entitling each shareholder as of the record date to receive one additional share of common stock for every two shares of common stock owned. The stock dividend will be issued on March 1, 2017 to all shareholders of record at the close of business on February 15, 2017.
“The stock split highlights the exceptional value RGC Resources has delivered to shareholders over the long-term as well as the short-term. Our team continues to execute our strategies of investing in our regulated utility and other growth opportunities, which have led to profitable earnings growth, superior dividend growth and increased shareholder value. We are excited about our prospects for continued growth,” said John S. D’Orazio, President and Chief Executive Officer of RGC Resources, Inc. “The decision to split the stock will also make the shares more affordable to current and potential investors and should lead to an increase in the trading volume of our stock.”
RGC Resources last stock split was in 2011 when a two-for-one stock split occurred.
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.
Contact: John S. D’Orazio President and CEO Telephone: 540-777-3815
