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WGL Holdings, Inc. Raises Annual Dividend $0.09 Per Share to $1.85; 39th Consecutive Annual Increase in Common Stock Dividend

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 3, 2015, voted to increase the quarterly dividend on its common stock to $0.4625 per share from $0.4400 per share. This change increases the annualized dividend level to $1.85 per share from $1.76 per share.

"I am pleased to announce a nine-cent increase in our annual dividend to an annual rate of $1.85 per share," said Terry D. McCallister, Chairman and Chief Executive Officer of WGL Holdings, Inc. "The 5% increase underscores confidence in our ability to deliver increased earnings and value to our shareholders as well as the ongoing successful execution of our strategic plan."

This annual increase is the 39th 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 164 years of dividend payments to shareholders.

The new quarterly dividend is payable May 1, 2015, to shareholders of record on April 10, 2015.

   
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 preferred stock of Washington Gas are also payable May 1, 2015, to shareholders of record on April 10, 2015.

About WGL:

WGL (NYSE-WGL), headquartered in Washington, D.C., is a leading source for clean, efficient and diverse energy solutions. With activities in 32 states and the District of Columbia, our operating units consist of Washington Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL Energy is an entity that delivers a full ecosystem of energy offerings including natural gas, electricity, green power, carbon reduction, distributed generation and energy efficiency provided by WGL Energy Services, Inc. (formerly Washington Gas Energy Services, Inc.) and WGL Energy Systems, Inc. (formerly Washington Gas Energy Systems, Inc.). WGL provides options for natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency. Our calling as a company is to make energy surprisingly easy for our employees, our community and all our customers. Whether you are a homeowner or renter, small business or multinational corporation, state and local or federal agency, WGL is here to provide Energy Answers. Ask Us. For more information, visit us at www.wgl.com.

WGL Holdings, Inc.
News Media:
Ruben Rodriguez, 202-624-6620
or
Financial Community:
Douglas Bonawitz, 202-624-6129

Source: WGL Holdings, Inc.

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