Southwest Gas (SWX) has announced a dividend of $0.620 per share, with the ex-dividend date set for Aug 15, 2025, and payment scheduled for Sept 2, 2025. This dividend is notably higher than the average of the last ten dividends, which stood at $0.320 per share. The announcement was made on Apr 30, 2025, and follows a previous dividend payout on Jun 2, 2025, of the same amount and type, which translates from Chinese as "cash dividend."
Recently,
Holdings has completed a significant transaction involving
Holdings. Over the past week, the company finalized its secondary public offering of Centuri Holdings common stock, selling 17.25 million shares at $19.50 each. This move, including the full exercise of the underwriters' over-allotment option, brought in net proceeds of approximately $356 million, with $325 million from the public offering and $31 million from a concurrent private placement to Icahn Partners. As of late, Southwest Gas has reduced its stake in Centuri to 30.9%, leading to a shift in accounting practices to the equity method. This strategic divestment highlights Southwest Gas's focus on debt reduction and refining its capital structure, aligning with broader industry trends prioritizing core regulated operations.
In light of recent developments, Southwest Gas Holdings reported a robust balance sheet as of the second quarter of 2025, despite a net loss of $12.88 million. Analysts have indicated strong liquidity with over $350 million available, underscoring the company's resilience and strategic positioning amid fluctuating market conditions. The company's financial health and operational strategies continue to be closely monitored, reflecting its commitment to strengthening its market presence and optimizing its financial performance.
Concluding, investors should note that Aug 15, 2025, marks the last day to purchase Southwest Gas stock to be eligible for the upcoming dividend. Any acquisitions post this ex-dividend date will not qualify for the dividend payout scheduled for this period.
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