Williams Companies hikes dividend by 5.3%

On January 31, 2023, Williams Companies (WMB) announced that it will raise its quarterly dividend by 5.3 percent to $0.4475 per share in Q1 of 2023. This marks the 7th consecutive year of higher dividend payments. Last year WMB hiked its dividend by 3.7%.

The next WMB dividend will be payable on March 27, 2023, to holders of record at the close of business on March 13, 2023. A new annualized dividend rate of $1.79 per share yields 5.6% at a stock price of $32.19.

The Williams Companies, Inc. is an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. Headquartered in Tulsa, Okla., Williams owns approximately 74 percent of Williams Partners L.P. (WPZ). Williams Partners is a master limited partnership with operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. Williams has paid a common stock dividend every quarter since 1974.