Williams Raises Qtr. Dividend from $0.325 to $0.33875/Share
Williams' (NYSE: WMB) board of directors has approved a regular dividend of $0.33875 on the company's common stock, payable March 25, 2013, to holders of record at the close of business on March 8.
The first-quarter 2013 dividend is an increase of $0.01375, or 4.2 percent, over the previous quarterly dividend of $0.325 per share. The new amount is an increase of $0.08, or 30.9 percent, over the first-quarter 2012 dividend.
The increased dividend is consistent with the company's previously announced plan to increase its dividend more frequently – with increases every quarter.
The company continues to expect the full-year dividend it pays shareholders in each 2013 and 2014 to increase by 20 percent – to $1.44 and $1.75 per share, respectively. Williams' full-year dividend for 2012 was $1.20 per share.
The expected quarterly increases in Williams' dividend are subject to quarterly approval of Williams' board of directors.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.