Williams Increases Dividend to $0.30 Per Share
Williams' (NYSE: WMB) board of directors has approved a regular dividend of $0.30 on the company's common stock, payable June 25, 2012, to holders of record at the close of business on June 8.
The increase over the previous amount of $0.25875 per share is consistent with the company's previously announced plan to increase its dividend more frequently – with increases every quarter. Moving to quarterly increases is consistent with the expected growing cash distributions Williams is receiving from its significant ownership interest in Williams Partners L.P. (NYSE: WPZ).
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.