LAS VEGAS, March 8 /PRNewswire-FirstCall/ -- The Board of Directors for
Southwest Gas Corporation (NYSE: SWX) has declared the following second
quarter cash dividend:
Common Stock
Payable June 1, 2005
Of Record May 16, 2005
Dividend $.205 per share
The dividend equates to 82 cents per share on an annualized basis. The
Company has paid quarterly dividends continuously since going public in 1956.
About Southwest Gas
Southwest Gas Corporation purchases, transports and distributes natural
gas to more than 1.5 million residential, commercial, industrial and other
customers in geographically diverse portions of Arizona, Nevada and
California. Its service territories are centered in the fastest-growing
region of the country. For more information about Southwest Gas, please visit
http://www.swgas.com
This press release may contain statements which constitute
"forward-looking statements" within the meaning of the Securities Litigation
Reform Act of 1995 (Reform Act). All such forward-looking statements are
intended to be subject to the safe harbor protection provided by the Reform
Act. A number of important factors affecting the business and financial
results of the Company could cause actual results to differ materially from
those stated in the forward-looking statements. These factors include, but
are not limited to, the impact of weather variations on customer usage,
customer growth rates, changes in natural gas prices, the ability to recover
costs through the PGA mechanism, the effects of regulation/deregulation, the
timing and amount of rate relief, changes in rate design, changes in gas
procurement practices, changes in capital requirements and funding, resolution
of pending litigation, the impact of conditions in the capital markets on
financing costs, changes in construction expenditures and financing, changes
in operations and maintenance expenses, future liability claims, changes in
pipeline capacity for the transportation of gas and related costs,
acquisitions and management's plans related thereto, competition, and the
ability to raise capital in external financings. In addition, the Company can
provide no assurance that its discussions regarding certain trends relating to
its financing, operations, and maintenance expenses will continue in future
periods.
SOURCE Southwest Gas Corporation
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Related links:
http://www.swgas.com
CONTACT:
media, Robyn Clayton, +1-702-364-3297, or
shareholders, Ken Kenny, +1-702-876-7237, both of Southwest Gas
Corporation
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