Williams Increases Quarterly Cash Dividend by 5.3%

Rhea-AI Summary

Williams' (NYSE: WMB) board has declared a regular dividend of $0.4475 per share, translating to an annualized amount of $1.79, payable on March 27, 2023. Shareholders on record as of March 13, 2023 will receive this payment. This marks a 5.3% increase from the previous quarterly dividend of $0.425 per share, paid in December 2022. Williams has maintained a consistent dividend payment since 1974, reinforcing investor confidence amidst a focus on sustainable energy solutions.

Positive

• Regular dividend of $0.4475 per share indicates strong cash flow.
• 5.3% increase from previous dividend reflects company growth.
• Consistent dividend payments since 1974 enhance investor confidence.

Negative

• None.

TULSA, Okla.--(BUSINESS WIRE)-- Williams’ (NYSE: WMB) board of directors has approved a regular dividend of $0.4475 per share, or $1.79 annualized, on the company’s common stock, payable on March 27, 2023, to holders of record at the close of business on March 13, 2023.

This is a 5.3% increase from Williams’ fourth-quarter 2022 quarterly dividend of $0.425 per share, paid in December 2022.

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

As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions 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, storage, wholesale marketing and trading 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. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at 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/20230131005935/en/

MEDIA:

media@williams.com

(800) 945-8723



INVESTOR CONTACTS:

Danilo Juvane

(918) 573-5075



Grace Scott

(918) 573-1092

Source: Williams

FAQ

What is the new dividend amount for WMB?

The new dividend amount for Williams (WMB) is $0.4475 per share.

When will the WMB dividend be paid?

The WMB dividend will be paid on March 27, 2023.

What was the previous dividend amount for WMB?

The previous dividend amount was $0.425 per share.

How long has WMB been paying dividends?

Williams has been paying dividends every quarter since 1974.

What is the annualized dividend for WMB?

The annualized dividend for WMB is $1.79.