WGL Holdings Keeps Dividend Steady
Utility operator WGL Holdings announced today its third-quarter dividend of $0.42 per share, the same rate it's paid for the past two quarters after raising the payout 5% from $0.40 per share.
Its utility subsidiary Washington Gas Light Company also announced it was paying dividends on all classes of its preferred stock as follows:
- $4.25 Series - $1.0625 per share
- $4.80 Series - $1.20 per share
- $5.00 Series - $1.25 per share
The board of directors said the regular and preferred dividends are payable on November 1 to holders of record at the close of business on October 10. Dividends on the regular stock have been paid for more than 162 years.
The regular dividend payment equates to a $1.68-per-share annual dividend, yielding 3.9% based on the closing price today of WGL Holdings' stock.
The article WGL Holdings Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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