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 23, 2017


SOUTHWEST GAS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)


California
001-37976
81‑3881866
(State or other jurisdiction of
(Commission
(I.R.S. Employer
incorporation or organization)
File Number)
Identification No.)
     
5241 Spring Mountain Road
   
Post Office Box 98510
   
Las Vegas, Nevada
 
89193-8510
(Address of principal executive offices)
 
(Zip Code)


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 23, 2017, Southwest Gas Holdings, Inc. (the “Company”) announced an increase in the quarterly common stock dividend from $0.45 per share to $0.495 per share.  The dividend is payable June 1, 2017 to holders of record as of May 15, 2017.  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.



 
SOUTHWEST GAS HOLDINGS, INC.
   
   
   
Date: February 23, 2017
 
 
/s/ GREGORY J. PETERSON
 
Gregory J. Peterson
 
Vice President/Controller and
 
Chief Accounting Officer
EXHIBIT INDEX



Exhibit
     
No.
 
Description
 
       
99
 
Press Release of dividend increase dated February 23, 2017.
 


For Immediate Release
February 23, 2017


Southwest Gas Holdings Increases the Quarterly Common Stock Dividend
and Declares Second Quarter 2017 Dividend

LAS VEGAS – The Board of Directors for Southwest Gas Holdings, Inc. (NYSE:  SWX) has increased the quarterly common stock dividend from $0.45 per share to $0.495 per share and has declared the following second quarter cash dividend:
 
Common Stock
 
Payable
June 1, 2017
 
Of Record
May 15, 2017
 
Dividend
$0.495 per share

The dividend equates to $1.98 per share, an 18 cent or 10 percent increase, on an annualized basis.  The Company has paid quarterly dividends continuously since going public in 1956, and has raised its dividend each year since 2007.  President and Chief Executive Officer John Hester noted, “We are pleased that the Company’s strong operating performance and financial condition have positioned us to again increase the dividend.  Dividend increases are necessary to facilitate competitive and reasonable returns for our shareholders.  When setting the dividend rate, the Board’s policy is to target a dividend payout ratio that is competitive in the industry (55‑65%) while maintaining strong credit ratings and the ability to fund future capital expenditures."

Southwest Gas Holdings has two business segments:

Centuri Construction Group, Inc. is a comprehensive construction services enterprise dedicated to meeting the growing demands of North American utilities, energy, and industrial markets.  Centuri derives revenue from installation, replacement, repair, and maintenance of energy distribution systems, and developing industrial construction solutions primarily for energy services utilities.

Southwest Gas Corporation provides safe and reliable natural gas service to nearly two million customers in Arizona, Nevada, and California.

-- more --
Southwest Gas Holdings, Inc. – Add 1
February 23, 2017

Forward-Looking Statements :  This press release may contain statements which constitute "forward-looking statements" within the meaning of the Private 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, future operating results, the effects of regulation/deregulation, the timing and amount of rate relief, and changes in rate design.

###
 
 
For Shareholders information, contact:
For media information, contact:
Ken Kenny
Sonya Headen
(702) 876-7237
(702) 364-3411
ken.kenny@swgas.com
sonya.headen@swgas.com