WGL Stock To Go Ex-dividend Tomorrow (WGL)

NEW YORK ( TheStreet) -- The ex-dividend date for WGL Holdings Incorporated (NYSE: WGL) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $37.08 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for WGL has been 407,300 shares per day over the past 30 days. WGL has a market cap of $2 billion and is part of the utilities sector and utilities industry. Shares are up 4.4% year to date as of the close of trading on Monday.

WGL Holdings, Inc. engages in the delivery and sale of natural gas, and provides energy-related products and services in the District of Columbia, Maryland, Virginia, and Delaware. The company has a P/E ratio of 16.7, equal to the average utilities industry P/E ratio and below 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full WGL Ratings Report.

See our dividend calendar or top-yielding stocks list.

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