The Board of Directors of WGL Holdings, Inc. (NYSE: WGL), the parent company of Washington Gas Light Company, today voted to increase the quarterly dividend on its common stock to $0.4000 per share from $0.3875 per share. This change increases the annualized dividend level to $1.60 per share from $1.55 per share.
This annual increase is the 36th consecutive year that WGL Holdings, Inc. has increased the cash dividend on its common stock. The company has one of the longest dividend payment records on the New York Stock Exchange, with 161 years of dividend payments to shareholders.
The new quarterly dividend is payable May 1, 2012, to shareholders of record on April 10, 2012.
In addition, Washington Gas Light Company, a utility subsidiary of WGL Holdings, Inc., declared regular dividends today on all classes of the utility company's preferred stock as follows:
|Class of Serial|
|Preferred Stock||Dividend Per Share|
|$ 4.25 Series||$ 1.0625|
|$ 4.80 Series||$ 1.20|
|$ 5.00 Series||$ 1.25|
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