UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 24, 2011
SOUTHWEST GAS CORPORATION
(Exact name of registrant as specified in its charter)
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California
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1-7850
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88-0085720
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(State or other jurisdiction of
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(Commission
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(I.R.S. Employer
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incorporation or organization)
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File Number)
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Identification No.)
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5241 Spring Mountain Road
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Post Office Box 98510
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Las Vegas, Nevada
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89193-8510
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code: (702) 876-7237
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On February 24, 2011, Southwest Gas Corporation (the “Company”) announced an increase in the quarterly common stock dividend from $0.25 per share to $0.265 per share. The dividend is payable June 1, 2011 to holders of record as of May 16, 2011. A copy of the Company’s press release is attached hereto as Exhibit 99.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SOUTHWEST GAS CORPORATION
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Date: February 24, 2011
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/s/ GREGORY J. PETERSON
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Gregory J. Peterson
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Vice President/Controller and
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Chief Accounting Officer
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EXHIBIT INDEX
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Exhibit
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No.
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Description
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99
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Press Release of dividend increase dated February 24, 2011.
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February 24, 2011
Media Contact: Cynthia Messina (702) 876-7132
Shareholder Contact: Ken Kenny (702) 876-7117
FOR IMMEDIATE RELEASE
SOUTHWEST GAS INCREASES THE QUARTERLY COMMON STOCK DIVIDEND
AND DECLARES SECOND QUARTER 2011 DIVIDEND
LAS VEGAS, NEV. – The Board of Directors for Southwest Gas Corporation (NYSE: SWX) has increased the quarterly common stock dividend from $.25 per share to $.265 per share and has declared the following second quarter cash dividend:
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Payable
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June 1, 2011
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Of Record
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May 16, 2011
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Dividend
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$.265 per share
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The dividend equates to $1.06 per share, a six cent or six percent increase, on an annualized basis. The Company has paid quarterly dividends continuously since going public in 1956, and has raised its dividend in each of the past five years. Chief Executive Officer Jeffrey Shaw noted, “We are pleased with the improved stability of our revenues and cash flows, and our stronger capital structure. These factors, combined with the Company’s improved operating performance have positioned us to be able to again increase the dividend. Dividend increases are necessary to facilitate competitive and reasonable returns for our shareholders.”
– more –
Southwest Gas – Add 1
February 24, 2011
About Southwest Gas
Southwest Gas Corporation provides natural gas service to approximately 1.8 million customers in Arizona, Nevada, and California. For more information about Southwest Gas, please visit www.swgas.com.
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