WGL Holdings, Inc. Raises Annual Dividend $0.10 Per Share to $1.95; 40th Consecutive Annual Increase in Common Stock Dividend
February 08 2016 - 8:30AM
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, 2016,
voted to increase the quarterly dividend on its common stock
to $0.4875 per share from $0.4625 per share.
This change increases the annualized dividend level
to $1.95 per share from $1.85 per share.
“I am excited to announce a 10-cent increase in our
dividend to an annual rate of $1.95 per share,”
said Terry D. McCallister, Chairman and Chief Executive
Officer of WGL Holdings, Inc. “The 5% increase reflects
confidence in our strategic plan and our commitment to provide
sustainable dividend growth for investors. Today marks a 40-year
track record of raising the cash dividend on our common stock.”
The company, with 165 years of dividend payments to
shareholders, has one of the longest dividend payment records on
the New York Stock Exchange.
The new quarterly dividend amount will be effective for the next
quarterly dividend, which is expected to be payable May 1,
2016 to shareholders of record on April 10, 2016.
About WGL
WGL (NYSE: WGL), headquartered in Washington, D.C., is a leading
source for clean, efficient and diverse energy solutions. With
activities and assets across the U.S., WGL consists of Washington
Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides
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.
Forward-Looking
Statements
This news release and other statements by us include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 with respect to the amount
of, and future payment of, dividends, the outlook for earnings,
revenues and other future financial business performance or
strategies and expectations. Forward-looking statements are
typically identified by words such as, but not limited to,
“estimates,” “expects,” “anticipates,” “intends,” “believes,”
“plans,” and similar expressions, or future or conditional verbs
such as “will,” “should,” “would,” and “could.” Although we believe
such forward-looking statements are based on reasonable
assumptions, we cannot give assurance that every objective will be
achieved. Forward-looking statements speak only as of today, and we
assume no duty to update them. Factors that could cause actual
results to differ materially from those expressed or implied
include, but are not limited to, general economic conditions and
the factors discussed under the “Risk Factors” heading in our most
recent annual report on Form 10-K and other documents that we have
filed with, or furnished to, the U.S. Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208005043/en/
WGL Holdings, Inc.News Media:Bernie Tylor,
202-624-6778orFinancial Community:Douglas Bonawitz,
202-624-6129
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