WGL Holdings, Inc. Raises Annual Dividend $0.09 Per Share to $1.85; 39th Consecutive Annual Increase in Common Stock Dividend
February 05 2015 - 8:00AM
Business Wire
The Board of Directors of WGL Holdings, Inc. (NYSE:WGL), the
parent company of Washington Gas Light Company (Washington Gas), on
February 3, 2015, voted to increase the quarterly dividend on its
common stock to $0.4625 per share from $0.4400 per share. This
change increases the annualized dividend level to $1.85 per share
from $1.76 per share.
“I am pleased to announce a nine-cent increase in our annual
dividend to an annual rate of $1.85 per share,” said Terry D.
McCallister, Chairman and Chief Executive Officer of WGL Holdings,
Inc. “The 5% increase underscores confidence in our ability to
deliver increased earnings and value to our shareholders as well as
the ongoing successful execution of our strategic plan.”
This annual increase is the 39th 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 164 years of dividend payments to
shareholders.
The new quarterly dividend is payable May 1, 2015, to
shareholders of record on April 10, 2015.
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, 2015, to shareholders of record on April 10,
2015.
About WGL:
WGL (NYSE-WGL), headquartered in Washington, D.C., is a leading
source for clean, efficient and diverse energy solutions. With
activities in 32 states and the District of Columbia, our operating
units consist of Washington Gas, WGL Energy, WGL Midstream and
Hampshire Gas. WGL Energy is an entity that delivers a full
ecosystem of energy offerings including natural gas, electricity,
green power, carbon reduction, distributed generation and energy
efficiency provided by WGL Energy Services, Inc. (formerly
Washington Gas Energy Services, Inc.) and WGL Energy Systems, Inc.
(formerly Washington Gas Energy Systems, Inc.). WGL provides
options for natural gas, electricity, green power and energy
services, including generation, storage, transportation,
distribution, supply and efficiency. Our calling as a company is to
make energy surprisingly easy for our employees, our community and
all our customers. Whether you are a homeowner or renter, small
business or multinational corporation, state and local or federal
agency, WGL is here to provide Energy Answers. Ask Us. For more
information, visit us at www.wgl.com.
WGL Holdings, Inc.News Media:Ruben Rodriguez,
202-624-6620orFinancial Community:Douglas Bonawitz,
202-624-6129
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