WGL Holdings Inc (WGL) Announces $0.51 Quarterly Dividend

WGL Holdings Inc (NYSE:WGL) announced a quarterly dividend on Wednesday, November 22nd, RTT News reports. Stockholders of record on Wednesday, January 10th will be given 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 2.42%.

WGL Holdings 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 40 consecutive years. WGL Holdings has a dividend payout ratio of 64.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WGL Holdings to earn $3.78 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 54.0%.

Shares of WGL Holdings (NYSE WGL) opened at $84.35 on Wednesday. The stock has a market capitalization of $4,317.76, a price-to-earnings ratio of 26.34, a PEG ratio of 3.79 and a beta of 0.68. WGL Holdings has a 1-year low of $66.12 and a 1-year high of $86.89. The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 0.81.

Several analysts have recently issued reports on the company. Zacks Investment Research raised WGL Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Hilliard Lyons raised WGL Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th. Finally, BidaskClub lowered WGL Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $76.50.

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In related news, Director Debra L. Lee sold 2,122 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $84.00, for a total value of $178,248.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.99% of the company’s stock.

WGL Holdings 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 Holdings (NYSE:WGL)

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