WGL Holdings Keeps Dividend Steady

The utility subsidiary is also paying dividends on three series of preferred shares.

By Rich Duprey – Sep 25, 2013 at 10:37PM EST

Utility operator WGL Holdings (WGL +0.00%) 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.

WGL Dividend data by YCharts.

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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WGL Holdings Keeps Dividend Steady

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