North American energy firm,
Williams Companies Inc.
) declared its first-quarter 2014 cash dividend of 40.25 cents
per share. The new dividend reflects a sequential hike of 5.9%
and a year-over-year increase of 18.8%. Williams added that the
increased dividend will likely be paid on Mar 31, 2014, to the
shareholders of record as of Mar 14, 2014.
CHENIERE ENERGY (CQP): Get Free Report
DCP MIDSTREAM (DPM): Free Stock Analysis
WILLIAMS COS (WMB): Free Stock Analysis
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If the revised dividend is maintained for the rest of the year,
then the annualized dividend payout of the company would be $1.61
per share. Based on the closing price of $39.26 as on Jan 23,
2014, the increased dividend affirms a yield of 4.1%.
Williams' dividend for full-year 2013 stood at $1.44 per share,
reflecting a hike of 20.0% compared with $1.20 reported in 2012.
Additionally, Williams maintains its projected 20% dividend hike
to $1.75 and $2.11 per share, for 2014 and 2015, respectively.
Williams is planning to release fourth-quarter 2013 results on
Feb 19, 2014, after the closing bell. The Zacks Consensus
Estimate for the company's fourth-quarter stands at 21 cents per
Tulsa, Oklahoma-based Williams is a premier energy infrastructure
provider in North America. The company's core operations include
finding, producing, gathering, processing, and transporting
natural gas. Williams divides its business into four segments:
Williams Partners, Williams NGL & Petchem Services, Access
Midstream Partners, and Other.
Williams currently carries a Zacks Rank #4 (Sell), implying that
it is expected to underperform the broader U.S. equity market
over the next one to three months.
Meanwhile, one can look at better-ranked players in the oil
production and pipeline sector like
Cheniere Energy Partners LP
Pembina Pipeline Corporation
DCP Midstream Partners LP
). Cheniere Energy and Pembina Pipeline sport a Zacks Rank #1
(Strong Buy) while DCP Midstream holds a Zacks Rank #2 (Buy).