Utility operator WGL Holdings (NYSE:WGL) 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.
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