WASHINGTON -- (Business Wire)
The Board of Directors of WGL Holdings, Inc. (NYSE:WGL), the parent
company of Washington Gas Light Company (Washington Gas), on February 5,
2013, voted to increase the quarterly dividend on its common stock to
$0.4200 per share from $0.4000 per share. This change increases the
annualized dividend level to $1.68 per share from $1.60 per share.
“I am pleased to announce an eight-cent increase in our annual dividend
to an annual rate of $1.68 per share,” said Terry D. McCallister,
Chairman and Chief Executive Officer of WGL Holdings, Inc. “This 5%
increase is greater than our recent average of 3%, and it reflects
confidence in both our strategic plan and our ability to continue to
deliver increased earnings and value to our shareholders.”
This annual increase is the 37th 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 162 years of dividend payments to shareholders.
The new quarterly dividend is payable May 1, 2013, to shareholders of
record on April 10, 2013.
In addition, on February 5, 2013, Washington Gas declared regular
dividends on all classes of the utility company's preferred stock as
Class of Serial
Dividend Per Share
$ 4.25 Series
$ 4.80 Series
$ 5.00 Series
Dividends on the preferred stock of Washington Gas are also payable May
1, 2013, to shareholders of record on April 10, 2013.
Headquartered in Washington, D.C., WGL Holdings, Inc. has four 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; (iii)
the commercial energy systems segment which consists of Washington Gas
Energy Systems, Inc., a provider of design-build energy efficiency
solutions to government and commercial clients, commercial solar
projects, and the operations of WGSW, a holding company formed to invest
in alternative energy assets and (iv) the wholesale energy
solutions segment which consists of Capitol Energy Ventures Corp., an
asset optimization business that acquires, manages and optimizes natural
gas storage and transportation assets. Additional information about WGL
Holdings, Inc. is available on our website, www.wglholdings.com.
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.
WGL Holdings, Inc.
Douglas Bonawitz, 202-624-6129
Source: WGL Holdings, Inc.
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