Williams Companies Q2 Profit Declines

By RTT News, 
A A A


(RTTNews.com) - Williams Companies, Inc. ( WMB ) reported a second-quarter net income of $103 million or $0.15 per share, compared to $142 million or $0.21 per share, last year.

Adjusted income from continuing operations was $158 million or $0.23 per share, up from $129 million or $0.19 per share in the comparable quarter last year.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

The company is increasing its third-quarter 2014 dividend by 32 percent to $0.56 per share. In addition to the third-quarter 2014 dividend increase, Williams also is affirming dividend-growth guidance of approximately 15 percent annually from the higher third-quarter 2014 base through 2017 with planned dividends of about $1.96 in 2014, $2.46 in 2015, $2.82 in 2016, and $3.25 in 2017. The expected quarterly increases in Williams' dividend are subject to quarterly approval of the company's board of directors.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com



This article appears in: Earnings

Referenced Stocks: TRI , WMB

RTT News


More from RTT News:

Related Videos

Stocks

Referenced

Most Active by Volume

269,651,497
    $93.39 unch
223,201,528
  • $40.90 ▼ 2.82%
86,394,679
  • $5.37 ▼ 0.74%
80,194,794
  • $16.955 ▼ 0.50%
74,229,521
  • $47.47 ▲ 1.69%
63,996,704
  • $39.82 ▼ 4.16%
55,808,652
  • $101.13 ▼ 0.65%
54,881,661
  • $3.585 ▼ 1.38%
As of 9/19/2014, 03:59 PM