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RGC Resources Named Top Dividend Stock With Insider Buying and 3.14% Yield (RGCO)

By Energy Stock Channel Staff, Thursday, February 18, 1:56 PM ET
Play Video: The Importance of Insider Buying


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In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is RGC Resources, Inc. (NASDAQ:RGCO), which saw buying by Director Jacqueline L. Archer.

Back on February 12, Archer invested $22,980.00 into 1,000 shares of RGCO, for a cost per share of $22.98. In trading on Thursday, shares were changing hands as low as $23.25 per share, which is 1.2% above Archer's purchase price. RGC Resources, Inc. shares are currently trading -0.74% on the day. The chart below shows the one year performance of RGCO shares, versus its 200 day moving average:

RGC Resources, Inc. Chart

Looking at the chart above, RGCO's low point in its 52 week range is $22.08 per share, with $31.98 as the 52 week high point — that compares with a last trade of $23.36. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/15/2020 Lawrence T. Oliver Vice President 600 $24.08 $14,449.55
02/12/2021 Paul W. Nester President and CEO 600 $22.79 $13,673.40
02/12/2021 Jacqueline L. Archer Director 1,000 $22.98 $22,980.00

The DividendRank report noted that among the coverage universe, RGCO shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at RGC Resources, Inc., and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by RGC Resources, Inc. is $0.74/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 04/14/2021. Below is a long-term dividend history chart for RGCO, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.


This Article's Word Cloud:   Archer   Director   Dividend   DividendRank   Insider   Jacqueline   President   RGCO   Resources   above   also   attractive   below   both   buying   chart   companies   company   coverage   currently   dividend   escape   fillColor   find   have   history   insider   investors   last   long   maybe   mdash   metrics   months   most   only   paid   past   point   profitability   quarterly   recent   report   share   shares   that   they   trading   valuation   which

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