The Laclede Group Increases Dividend Annualized dividend grows for 9th consecutive year
ST. LOUIS, Nov. 17, 2011 /PRNewswire/ -- At today's meeting of the Board of Directors of The Laclede Group, Inc. (NYSE: LG), the Board increased the quarterly dividend from 40 1/2 cents per share to 41 1/2 cents per share on its common stock, which represents $1.66 per share on an annualized basis. The dividend will be payable on January 4, 2012, to shareholders of record on December 12, 2011.
This marks the 65th consecutive year for the payment of cash dividends by The Laclede Group, and its predecessor, Laclede Gas Company, on its common stock. It also marks the ninth consecutive year in which the Company has increased its dividend on an annualized basis.
ABOUT THE LACLEDE GROUP
Headquartered in St. Louis, Missouri, The Laclede Group, Inc. is a public utility holding company committed to providing reliable natural gas service through its regulated core utility operations, while engaging in non-regulated activities that provide opportunities for sustainable growth. Its subsidiary, Laclede Gas Company, the regulated operations of which are included in the Regulated Gas Distribution segment, serves approximately 625,000 residential, commercial and industrial customers in St. Louis City and parts of 10 counties in eastern Missouri. Laclede Group's primary non-regulated business, Laclede Energy Resources, Inc., is included within the Non-Regulated Gas Marketing segment. For more information about Laclede Group and its subsidiaries, visit www.TheLacledeGroup.com.
SOURCE The Laclede Group, Inc.