WGL Holdings Keeps Dividend Steady

Rich Duprey, The Motley Fool
Updated

Utility operator WGL Holdingsannounced 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.

WGL Dividend Chart
WGL Dividend Chart

WGL Dividend data by YCharts.

The article WGL Holdings Keeps Dividend Steady originally appeared on Fool.com.

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Originally published