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| 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
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WGL
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Price when profiled
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$39.89
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Last 4 Qtrs Earnings
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$2.50
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Last 4 Qtrs Dividends
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$1.58
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Current Qtr Dividend
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$0.40
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Annualized Div Yield
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4.01%
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No. Years Div Increase
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35
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Debt/Equity ratio
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45.00%
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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
