Williams Increases Dividend to $0.33875 Per Share; 4.2% Increase Over 4Q 2012, 30.9% Increase Over 1Q 2012
Company Continues to Expect 20% Annual Dividend Increases in 2013, 2014 with Continued Strong Dividend Growth Beyond
TULSA, Okla.--(BUSINESS WIRE)-- Williams' (NYS: 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.
Williams has paid a common stock dividend every quarter since 1974.
About Williams (NYSE: WMB)
Williams is one of the leading energy infrastructure companies in North America. It owns interests in or operates 15,000 miles of interstate gas pipelines, 1,000 miles of NGL transportation pipelines, and more than 10,000 miles of oil and gas gathering pipelines. The company's facilities have daily gas processing capacity of 6.6 billion cubic feet of natural gas and NGL production of more than 200,000 barrels per day. Williams owns approximately 70 percent of Williams Partners L.P. (NYS: WPZ) , one of the largest diversified energy master limited partnerships. Williams Partners owns most of Williams' interstate gas pipeline and domestic midstream assets. The company's headquarters is in Tulsa, Okla. For more information, visit www.williams.com, where the company routinely posts important information.
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 reports filed with the Securities and Exchange Commission.
Jeff Pounds, 918-573-3332
John Porter, 918-573-0797
Sharna Reingold, 918-573-2078
KEYWORDS: United States North America Oklahoma
The article Williams Increases Dividend to $0.33875 Per Share; 4.2% Increase Over 4Q 2012, 30.9% Increase Over 1Q 2012 originally appeared on Fool.com.
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