North American energy firm,
Williams Companies Inc.
) recently declared its fourth-quarter common stock dividend of
38 cents per share ($1.52 per share annualized), representing a
year-over-year increase of 16.9% and a sequential hike of 3.8%.
The increased dividend will be paid on Dec 30, 2013 to
shareholders of record as of Dec 13, 2013.
Following the latest boost, dividend for full year 2013 stood
at $1.44 per share, reflecting a hike of 20.0% compared with
$1.20 reported in 2012.
The dividend hike reflects consistently strong performance by
Williams, solid operating results, lucrative investments and
successful execution of its strategic plan. Based on the closing
price of $34.91 as of Nov 21, 2013, the expected annual dividend
of $1.52 affirms a yield of 4.4%.
Additionally, Williams maintains its projected 20% dividend hike
to $1.75 and $2.11 per share, for 2014 and 2015, respectively.
Tulsa, OK-based Williams is a premier energy infrastructure
provider in North America. The company's core operations include
finding, producing, gathering, processing, and transportation of
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 #3 (Hold), implying that
it is expected to perform in line with 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
Western Gas Partners LP
EQT Midstream Partners LP
Spectra Energy Corp
) that offer value. Western Gas sports a Zacks Rank #1 (Strong
Buy) while EQT Midstream and Spectra Energy retain a Zacks Rank
EQT MIDSTRM PTR (EQM): Free Stock Analysis
SPECTRA ENERGY (SE): Free Stock Analysis
WESTERN GAS PTR (WES): Free Stock Analysis
WILLIAMS COS (WMB): Free Stock Analysis
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