WGL Holdings Inc to Issue Quarterly Dividend of $0.51 (WGL)

WGL Holdings Inc (NYSE:WGL) declared a quarterly dividend on Wednesday, November 22nd, RTT News reports. Investors of record on Wednesday, January 10th will be paid a dividend of 0.51 per share by the utilities provider on Thursday, February 1st. This represents a $2.04 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, January 9th.

WGL has increased its dividend payment by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 41 consecutive years. WGL has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WGL to earn $3.80 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 53.7%.

WGL (NYSE WGL) opened at $86.05 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.66 and a quick ratio of 0.48. The stock has a market cap of $4,420.00, a PE ratio of 23.01, a P/E/G ratio of 4.02 and a beta of 0.66. WGL has a 12 month low of $73.53 and a 12 month high of $86.89.

Separately, Zacks Investment Research downgraded shares of WGL from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th.

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WGL Company Profile

WGL Holdings, Inc (WGL) is a holding company. The Company operates through four segments. The Regulated Utility segment consists of Washington Gas Light Company, which provides regulated gas distribution services to end use customers and natural gas transportation services to an unaffiliated natural gas distribution company and Hampshire Gas Company, which provides regulated interstate natural gas storage services.

Dividend History for WGL (NYSE:WGL)

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