WGL Stock To Go Ex-dividend Tomorrow (WGL)

NEW YORK (TheStreet) -- The ex-dividend date for WGL Holdings Incorporated (NYSE:WGL) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $40.61 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for WGL has been 305,000 shares per day over the past 30 days. WGL has a market cap of $2.21 billion and is part of the utilities sector and utilities industry. Shares are down 7.1% year to date as of the close of trading on Tuesday.

WGL Holdings, Inc., through its subsidiaries, engages in the sale and delivery of natural gas, and provides energy-related products and services. It operates in three segments: Regulated Utility, Retail Energy-Marketing, and Design-Build Energy Systems. The company has a P/E ratio of 20.7, above the average utilities industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates WGL as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full WGL Ratings Report.

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