In a recent transaction, Miles Christen Brooke, Vice President of Human Resources at RGC Resources Inc . (NASDAQ:RGCO), acquired shares of the company's common stock. According to a filing with the Securities and Exchange Commission, Brooke purchased 4.916 shares on November 1st, 2024, at a price of $20.34 per share, totaling approximately $99. This acquisition was part of the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.
Following this transaction, Brooke's direct ownership of RGC Resources shares increased to 3,884.733 shares. Additionally, the filing indicates that Brooke holds employee stock options, with an exercise price of $16.62, which remain unexercised.
InvestingPro Insights
The recent insider purchase by Miles Christen Brooke aligns with RGC Resources Inc.'s (NASDAQ:RGCO) strong dividend history and current financial position. According to InvestingPro data, RGCO boasts a dividend yield of 3.92% and has maintained dividend payments for an impressive 31 consecutive years. This consistency in shareholder returns is further underscored by an InvestingPro Tip noting that the company has raised its dividend for 11 consecutive years, demonstrating a commitment to increasing shareholder value over time.
Despite a revenue decline of 15.22% over the last twelve months, RGCO remains profitable, with a P/E ratio of 16.29. This profitability is highlighted by another InvestingPro Tip, which confirms that the company has been profitable over the last twelve months. The company's ability to maintain profitability and dividend payments in the face of revenue challenges speaks to its operational efficiency and financial management.
For investors seeking more comprehensive analysis, InvestingPro offers additional insights, with 4 more tips available for RGCO. These additional tips could provide valuable context for understanding the company's future prospects and potential risks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.