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WGL Holdings, Inc. Raises Annual Dividend $0.08 Per Share To $1.68; 37th Consecutive Annual Increase In Common Stock Dividend

Stocks in this article: WGL

The Board of Directors of WGL Holdings, Inc. (NYSE:WGL), the parent company of Washington Gas Light Company (Washington Gas), on February 5, 2013, voted to increase the quarterly dividend on its common stock to $0.4200 per share from $0.4000 per share. This change increases the annualized dividend level to $1.68 per share from $1.60 per share.

“I am pleased to announce an eight-cent increase in our annual dividend to an annual rate of $1.68 per share,” said Terry D. McCallister, Chairman and Chief Executive Officer of WGL Holdings, Inc. “This 5% increase is greater than our recent average of 3%, and it reflects confidence in both our strategic plan and our ability to continue to deliver increased earnings and value to our shareholders.”

This annual increase is the 37th 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 162 years of dividend payments to shareholders.

The new quarterly dividend is payable May 1, 2013, to shareholders of record on April 10, 2013.

In addition, on February 5, 2013, Washington Gas declared regular dividends 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

 

Dividends on the preferred stock of Washington Gas are also payable May 1, 2013, to shareholders of record on April 10, 2013.

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