Williams Announces Quarterly Cash Dividend

Rhea-AI Summary

Williams (NYSE: WMB) has announced a regular dividend of $0.41 per share, amounting to $1.64 annually. This dividend, representing a 2.5% increase from last year's $0.40, will be payable on March 29, 2021, to stockholders on record by March 12, 2021. The company has maintained quarterly dividend payments since 1974. Notably, a portion of this distribution may be classified as a return of capital.

Williams is a leader in natural gas infrastructure, managing over 30,000 miles of pipelines and handling around 30% of the natural gas used daily in the U.S.

Positive

• Regular dividend of $0.41 per share signifies a 2.5% increase from the previous year.
• Company has consistently paid dividends quarterly since 1974, indicating financial stability.
• Strong position in the natural gas infrastructure market with significant pipeline operations.

Negative

• None.

Williams’ (NYSE: WMB) board of directors has approved a regular dividend of $0.41 per share, or $1.64 annualized, on the company’s common stock, payable on March 29, 2021, to holders of record at the close of business on March 12, 2021.

This is a 2.5% increase from Williams’ first-quarter 2020 quarterly dividend of $0.40 per share, paid in March 2020.

Some portion of this distribution may be considered a return of capital for tax purposes. Additional information regarding return of capital distributions is available at Williams’ investor relations website.

Williams has paid a common stock dividend every quarter since 1974.

About Williams

Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005894/en/

FAQ

What is the upcoming dividend payment date for WMB?

The upcoming dividend payment date for WMB is March 29, 2021.

How much is the dividend per share for WMB?

The dividend per share for WMB is $0.41.

When is the record date for the WMB dividend?

The record date for the WMB dividend is March 12, 2021.

How has the WMB dividend changed compared to last year?

The WMB dividend has increased by 2.5% from last year's dividend of $0.40.

How long has WMB been paying dividends?

WMB has been paying dividends every quarter since 1974.