Capitol, Washington DC (Photo credit: Wikipedia) |
Dividend
Machine for week of October 1, 2012 WGL Holdings Inc. (WGL)
What a fun day I had searching for this weeks’ dividend
machine. During my search, I cannot help
but run across information on companies that I have already included in my 2012
dividend machine list. I found some
lovely news about last week’s dividend machine, Watsco symbol (WSO), see side
bar of this blog called The Money Madam’s Musings.
This week, the first company I found that qualifies as a
dividend machine is WGL Holdings Inc.
WGL is a gas utility that serves both residential customers of the Washington,
D.C. area and also sells energy to the government.
I am a little worried that their major customer is the
government and the government is broke but may I remind you that for the
purpose of selecting a dividend machine, a company that I believe will increase
my income over time; I use no other criteria than earnings, dividends, and debt
to equity ratio. WGL meets all criteria
and they are presented below. Click on this link to see a
graph, provided by the company, it shows your income growth if you used WGL
as an income investment.
DIVIDEND MACHINE
|
WGL
|
Price when profiled
|
$39.89
|
Last 4 Qtrs Earnings
|
$2.50
|
Last 4 Qtrs Dividends
|
$1.58
|
Current Qtr Dividend
|
$0.40
|
Annualized Div Yield
|
4.01%
|
No. Years Div Increase
|
35
|
Debt/Equity ratio
|
45.00%
|
As you look at WGL’s past, you will see that earnings
clearly exceed dividends, the yield of four percent is enticing; their history
of 35 years of increasing investor income and their very manageable debt to
equity ratio of .45 makes WGL a consideration for income investing.
WGL will pay a $.40 quarterly dividend if you own it by tomorrow 10/5/2012. The dividend record date is 10/10/2012 and the pay date is 11/01/2012.
Very Truly Yours,
TheMoneyMadam