Southwest Gas Holdings, Inc. (NYSE: SWX) has recently announced significant updates regarding its dividend distribution and insider trading activities. The company will pay a quarterly dividend of $0.62 per share on December 1, 2023, to shareholders on record as of November 17, 2023. This decision reflects an annualized dividend of $2.48 and a yield of 3.1%. The ex-dividend date is also set for November 17, 2023, meaning investors must hold shares prior to this date to qualify for the payout.
Insider Trading Activity
In related news, major shareholder Carl C. Icahn has sold 1.5 million shares of Southwest Gas stock in a transaction dated September 25, 2023. The sale occurred at an average price of $77.91 per share, culminating in a total transaction value of approximately $116.87 million. Following this divestment, Icahn retains 6,032,604 shares, valued at around $470 million, representing a 19.91% reduction in his ownership stake. This transaction was officially disclosed in a filing with the U.S. Securities and Exchange Commission (SEC), which is accessible via the SEC website.
Corporate insiders currently hold 0.51% of Southwest Gas’s total stock. As a provider of natural gas distribution and transportation services, Southwest Gas operates across Arizona, Nevada, and California. The company’s business segments include Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage, along with trenching and maintenance services for energy distribution systems.
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