WASHINGTON--(BUSINESS WIRE)--The Board of Directors of WGL Holdings, Inc. (NYSE:WGL), the parent company of Washington Gas Light Company, today voted to increase the quarterly dividend on its common stock to $0.3875 per share from $0.3775 per share. This change increases the annualized dividend level to $1.55 per share from $1.51 per share.
This annual increase is the 35th consecutive year that WGL Holdings, Inc. has increased the cash dividend on its common stock. The company has one of the longest dividend payment records on the New York Stock Exchange, with 160 years of dividend payments to shareholders.
The new quarterly dividend is payable May 1, 2011, to shareholders of record on April 8, 2011.
In addition, Washington Gas Light Company, a utility subsidiary of WGL Holdings, Inc., declared regular dividends today on all classes of the utility company's preferred stock as follows:
| Class of Serial | ||||
|
Preferred Stock |
Dividend Per Share |
|||
|
$ 4.25 Series |
$1.0625 | |||
| $ 4.80 Series | $1.20 | |||
| $ 5.00 Series | $1.25 |
Dividends on the utility subsidiary’s preferred stock are also payable May 1, 2011, to shareholders of record on April 8, 2011.
Headquartered in Washington, D.C., WGL Holdings, Inc. has three operating segments: (i) the regulated utility segment, which primarily consists of Washington Gas, a natural gas utility that serves over one million customers throughout metropolitan Washington, D.C. and the surrounding region; (ii) the retail energy-marketing segment which consists of Washington Gas Energy Services, Inc., a third-party marketer that competitively sells natural gas and electricity and (iii) the design-build energy systems segment, which consists of Washington Gas Energy Systems, Inc., a provider of energy efficiency solutions to government and commercial clients.
Additional information about WGL Holdings is available on its website, www.wglholdings.com. Go to www.washingtongas.com for more information about Washington Gas Light Company.
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 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 we have filed with, or furnished to, the U.S. Securities and Exchange Commission.