Southwest Gas Holdings (Southwest Gas Holdings) Dividend Payout Ratio

: 0.62 (As of Dec. 2023)

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Southwest Gas Holdings's dividend payout ratio for the months ended in Dec. 2023 was 0.62.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Southwest Gas Holdings Inc is 0.90, which seems too high.

The historical rank and industry rank for Southwest Gas Holdings's Dividend Payout Ratio or its related term are showing as below:

SWX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.56 Max: 1.29
Current: 0.9

During the past 13 years, the highest Dividend Payout Ratio of Southwest Gas Holdings was 1.29. The lowest was 0.48. And the median was 0.56.

SWX's Dividend Payout Ratio is ranked worse than
84.78% of 368 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs SWX: 0.90

As of today (2024-04-19), the Dividend Yield % of Southwest Gas Holdings is 3.37%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Southwest Gas Holdings was 4.43%. The lowest was 2.03%. And the median was 2.66%.

Southwest Gas Holdings's Dividends per Share for the months ended in Dec. 2023 was $0.62.

During the past 12 months, Southwest Gas Holdings's average Dividends Per Share Growth Rate was 1.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Southwest Gas Holdings was 11.20% per year. The lowest was -19.10% per year. And the median was 4.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Southwest Gas Holdings Dividend Payout Ratio Historical Data

The historical data trend for Southwest Gas Holdings's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southwest Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.56

0.55

0.70

1.29

0.85

Southwest Gas Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.53	0.47	1.56	15.50	0.62

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southwest Gas Holdings Dividend Payout Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Southwest Gas Holdings's Dividend Payout Ratio falls into.

Southwest Gas Holdings Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Southwest Gas Holdings's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.48	/	2.905
	=	0.85

Southwest Gas Holdings's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.62	/	0.998
	=	0.62

Southwest Gas Holdings (NYSE:SWX) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Southwest Gas Holdings Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Southwest Gas Holdings's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Southwest Gas Holdings (Southwest Gas Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southwest Gas Holdings Inc (NYSE:SWX) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

SZR:Germany

Address

8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89193-8510

Website

https://www.swgasholdings.com

Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.

Executives

Paul M Daily	officer: Executive Officer	C/O SOUTHWEST GAS HOLDINGS, INC., 5241 SPRING MOUNTAIN ROAD, LAS VEGAS NV 89150
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Robert J Stefani	officer: SVP/Chief Financial Officer	8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Icahn Partners Lp	10 percent owner	16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Lp	10 percent owner	16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Randall P. Gabe	officer: SVP/Chief Administrative OFC	8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Amy L. Timperley	officer: SVP/Chief Reg. & Fin. Planning	8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Ruby Sharma	director	24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Jose A Cardenas	director	8360 S. DURANGO DR., LAS VEGAS NV 89113
Boyd S. Nelson	officer: VP/Strategy & Inv Relations	8360 S. DURANGO DR., LAS VEGAS NV 89113
Thomas E. Moran	officer: VP/General Counsel/Corp. Sec	SOUTHWEST GAS HOLDINGS, INC., 8360 SOUTH DURANGO DRIVE, LAS VEGAS NV 89113
Julie M. Williams	officer: SVP/Chief Operations Officer	8360 S. DURANGO DR., LAS VEGAS NV 89113
Lori L Colvin	officer: VP/Controller/CAO	8360 S. DURANGO DR., LAS VEGAS NV 89113
Eric Debonis	officer: SVP/Operations	8360 S. DURANGO DR., LAS VEGAS NV 89113
Andrew Teno	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036