WGL Holdings, Inc. Raises Annual Dividend $0.09 Per Share to $2.04; Marks the 41st Consecutive Annual Increase in Common Stoc...
February 01 2017 - 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 January 31, 2017, voted to
increase the annualized dividend on its common stock to $2.04 per
share from $1.95 per share. The Board of Directors also declared a
regular quarterly dividend of $0.51 per share of common
stock. The quarterly dividend is payable May 1, 2017 to
shareholders of record on April 10, 2017.
"I am pleased to announce a 9-cent increase in our
dividend to an annual rate of $2.04 per share,"
said Terry D. McCallister, Chairman and Chief Executive
Officer of WGL Holdings, Inc. "The 5% increase reflects a
dedication to delivering sustainable dividend growth for investors
and a firm commitment to our strategic vision. Today represents 41
consecutive years that we have raised the cash dividend on our
common stock.”
The company has one of the longest dividend payment records on
the New York Stock Exchange with 166 years of dividend
payments to shareholders.
Dividends on the utility's preferred stock also are
payable May 1, 2017, to shareholders of record as
of April 10, 2017.
Class of Serial
Preferred
Stock Dividend Per Share
$
4.25 Series
$ 1.0625
$
4.80 Series
$ 1.20
$
5.00 Series
$ 1.25
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/20170201005429/en/
WGL Holdings, Inc.News Media:Bernie Tylor,
202-624-6778orFinancial Community:Douglas Bonawitz,
202-624-6129
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