WGL Holdings Inc (NYSE:WGL) announced a quarterly dividend on Wednesday, November 22nd, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Tuesday, January 9th.
WGL has increased its dividend by an average of 5.1% annually over the last three years and has increased its dividend every year for the last 40 years. WGL has a payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WGL to earn $3.83 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 53.3%.
WGL (NYSE WGL) traded up $0.35 during trading hours on Thursday, reaching $85.75. The company’s stock had a trading volume of 284,746 shares, compared to its average volume of 317,307. WGL has a twelve month low of $73.53 and a twelve month high of $86.89. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $4,377.80, a PE ratio of 26.64, a PEG ratio of 3.81 and a beta of 0.66.
In other news, Director Debra L. Lee sold 2,122 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $84.00, for a total transaction of $178,248.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.09% of the stock is owned by corporate insiders.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised WGL from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub raised WGL from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Hilliard Lyons raised WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th.
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.
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