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Williams'
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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