Attached files
| file | filename |
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| 8-K - CURRENT REPORT ON FORM 8-K - SOUTHWEST GAS CORP | form8k22610.htm |
February
26, 2010
Media
Contact: Cynthia Messina (702) 876-7132
Shareholder
Contact: Ken Kenny (702) 876-7117
FOR
IMMEDIATE RELEASE
SOUTHWEST
GAS INCREASES THE QUARTERLY COMMON STOCK DIVIDEND
AND
DECLARES SECOND QUARTER 2010 DIVIDEND
LAS
VEGAS, NEV. – The Board of Directors for Southwest Gas Corporation
(NYSE: SWX) has increased the quarterly common stock
dividend from $.2375 per share to $.25 per share and has
declared the following second quarter cash dividend:
|
Common
Stock
|
|||
|
Payable
|
June
1, 2010
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||
|
Of
Record
|
May
17, 2010
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||
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Dividend
|
$.25
per share
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||
The
dividend equates to $1.00 per share, a five cent
or approximately five percent increase, on an annualized basis. The
Company has paid quarterly dividends continuously since going public in 1956,
and has raised its dividend in each of the past four years. Chief
Executive Officer Jeffrey Shaw noted, “Improved cash flows, a decrease in
capital expenditures, and sensible cost controls have all combined to strengthen
our financial position, despite the current economic
downturn. Dividend increases are necessary to facilitate competitive
and reasonable returns for our shareholders.”
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Southwest
Gas – Add 1
February
26, 2010
About
Southwest Gas
Southwest
Gas Corporation provides natural gas service to approximately 1.8 million
customers in Arizona, Nevada, and California. For more information
about Southwest Gas, please visit www.swgas.com.
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