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Southwest Gas Declares Third Quarter Dividend

July 27, 2004 at 5:09 PM EDT
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LAS VEGAS, Jul 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors for Southwest Gas Corporation (NYSE: SWX) has declared the following third quarter cash dividend: 

                  Common Stock

                  Payable                September 1, 2004
                  Of Record              August 16, 2004
                  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 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, natural gas prices, the effects of regulation/deregulation, the timing and amount of rate relief, changes in gas procurement practices, changes in capital requirements and funding, the impact of conditions in the capital markets on financing costs, changes in construction expenditures and financing, acquisitions, and competition.

SOURCE Southwest Gas Corporation 

Media, Roger Buehrer, APR, +1-702-876-7132, or Shareholders,
Ken Kenny, +1-702-876-7237, both of Southwest Gas Corporation

http://www.swgas.com