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Roanoke Gas Company Announcement of Quarterly Dividend Increase

ROANOKE, Va., Nov. 26 /PRNewswire/ -- On November 25, 1996, the Board of Directors of Roanoke Gas Company (Nasdaq-NNM: RGCO) declared a regular quarterly cash dividend on Roanoke Gas Company's Common Stock of 26.0 cents per share payable on February 1, 1997, to shareholders of record on January 17, 1997. The quarterly dividend reflects a 2% increase and is the 210th consecutive quarterly cash dividend on Roanoke Gas Company Common Stock.

Roanoke Gas Company stock is traded on Nasdaq National Market with the trading symbol RGCO. On November 4, 1996, the Company announced earnings of $1.51 per average share outstanding for its fiscal year ended September 30, 1996, an increase of 20% over earning per share of $1.26 for the fiscal year ended September 30, 1995.

Roanoke Gas Company has approximately 57,000 customers through its natural gas distribution companies that serve the Roanoke Valley and Bluefield area, and Highland Propane Company, which serves the Roanoke Valley, Southwestern Virginia and Southern West Virginia.

SOURCE Roanoke Gas Company
 -0- 11/26/96

/CONTACT: John B. Williamson III, Vice President - Rates and Finance, of Roanoke Gas, 540-983-3810/


CO: Roanoke Gas Company ST: Virginia IN: UTI SU: DIV

KW-ER -- DCTU016 -- 6162 11/26/96 15:00 EST
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Publication:PR Newswire
Date:Nov 26, 1996
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