Southwest Gas Holdings (FRA:SZR) Dividend Payout Ratio: 0.33 (As of Mar. 2026) — 47% Below Median

What is Southwest Gas Holdings Dividend Payout Ratio?

Southwest Gas Holdings FRA:SZR -1.28% 70 Dividend Payout Ratio is 0.33 as of Mar. 2026, which is 47% below its 10-year median of 0.62. GuruFocus rates FRA:SZR with a GF Score™ of 70/100 and a GF Value™ of €57.35. The stock has 11 warning signs investors should review. Among 375 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 81.6% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Southwest Gas Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.33.

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 0.80, 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:

FRA:SZR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.62 Max: 1.46
Current: 0.8

During the past 13 years, the highest Dividend Payout Ratio of Southwest Gas Holdings was 1.46. The lowest was 0.48. And the median was 0.62.

FRA:SZR's Dividend Payout Ratio is ranked worse than
81.6% of 375 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs FRA:SZR: 0.80

As of today (2026-07-07), the Dividend Yield % of Southwest Gas Holdings is 2.79%.

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 3.11%.

Southwest Gas Holdings's Dividends per Share for the months ended in Mar. 2026 was €0.54.

During the past 3 years, the average Dividends Per Share Growth Rate was 0.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.50% 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 2.60% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Southwest Gas Holdings (FRA:SZR) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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

Southwest Gas Holdings Dividend Payout Ratio Historical Data

* Premium members only.

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.

Southwest Gas Holdings Dividend Payout Ratio Chart

Southwest Gas Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.46

0.82

0.89

0.79

0.68

Southwest Gas Holdings Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.34	0.00	14.27	0.46	0.33

FRA:SZR vs NJR, BKH, UGI: Dividend Payout Ratio 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 vs Utilities - Regulated Industry

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.

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70GF Score

Southwest Gas Holdings Inc FRA:SZR

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Southwest Gas Holdings Dividend Payout Ratio Calculation

Southwest Gas Holdings's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.118	/	3.117
	=	0.68

Southwest Gas Holdings's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.536	/	1.634
	=	0.33

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.33 mean?

Southwest Gas Holdings (FRA:SZR) has a Dividend Payout Ratio of 0.33 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Southwest Gas Holdings and its competitors. This is 47% below median its historical median of 0.62. Over the past decade, Southwest Gas Holdings' Dividend Payout Ratio has ranged from 0.48 to 1.46. According to the industry distribution chart, Southwest Gas Holdings ranks #306 out of 375 companies in the Utilities - Regulated industry, placing it in the top 81.6%.

Is Southwest Gas Holdings' Dividend Payout Ratio too high?

Southwest Gas Holdings' current Dividend Payout Ratio of 0.33 is 47% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.46. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Southwest Gas Holdings' value of 0.33 is 38.9% below this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #306 out of 375 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Southwest Gas Holdings has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.

How does Southwest Gas Holdings' Dividend Payout Ratio compare to NJR and BKH?

According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #306 out of 375 companies for Dividend Payout Ratio. This places Southwest Gas Holdings in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. Southwest Gas Holdings' value of 0.33 is 38.9% below this benchmark. Historically, Southwest Gas Holdings' own Dividend Payout Ratio has ranged from 0.48 to 1.46 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.54, Southwest Gas Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Utilities - Regulated company?

The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 375 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current Dividend Payout Ratio of 0.33 is 38.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Southwest Gas Holdings and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current Dividend Payout Ratio is 0.33, which is 47% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Southwest Gas Holdings stock overvalued right now?

Southwest Gas Holdings (FRA:SZR) has a current Dividend Payout Ratio of 0.33. The stock's GF Value™ is €57.35, compared to a current price of €77.00 — trading 34.3% above its estimated fair value. The current Dividend Payout Ratio is 0.33, which is 47% below median its 10-year median of 0.62 and 38.9% below the Utilities - Regulated industry median of 0.54. Southwest Gas Holdings' overall GF Score™ is 70/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Southwest Gas Holdings (FRA:SZR), the current Dividend Payout Ratio is 0.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Southwest Gas Holdings (FRA:SZR) Overvalued in 2026?

Based on GuruFocus' analysis, Southwest Gas Holdings stock appears to be overvalued. The current stock price of €77.00 is trading 34.3% above its estimated GF Value™ of €57.35.

Key valuation signals for FRA:SZR:

Dividend Payout Ratio: 0.33 (47% below median its 10-year median of 0.62)
GF Value™: €57.35 vs. price of €77.00 (34.3% above fair value)
GF Score™: 70/100 with 11 warning signs
Industry Position: 38.9% below the Utilities - Regulated median (#306 of 375)

No single metric tells the full story. See the FRA:SZR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Southwest Gas Holdings Business Description

Industry Utilities Utilities - Regulated

Comparable Companies NJR BKH UGI OGS SR MDU CTRI CPK NWN SPH XMAD:NTGY ATO MIL:SRG NI XTER:UN0 HKSE:00003 TSE:9532 TSE:9531 MIL:IG BOM:532155

Other Exchanges SWX:USA

Address 8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89113

Website https://www.swgasholdings.com

Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution segment. The Natural gas distribution segment encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. Its division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers.

70GF Score

Get the complete analysis for FRA:SZR

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€77.00

Price

€57.35

GF Value

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