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United States : Williams Increases Quarterly Dividend 32% to $0.56 per Share; Reaffirms Dividend Growth Guidance Through 2017

August 22, 2014

Williams board of directors has approved a regular dividend of $0.56 on the company's common stock, payable September 29 to holders of record at the close of business September 12.

The $0.56 quarterly dividend, or $2.24 on an annualized basis, is consistent with Williams' previously announced plans to increase its third-quarter 2014 dividend by $0.135, or 32 percent, from the previous quarterly dividend of $0.425 per share. The sharp increase in the third quarter dividend resulted from the July 1 acquisition of controlling interests in Access Midstream Partners as well as the decision to accelerate a planned shift to a pure play GP holding company.

The new amount is an increase of $0.193, or 52.9 percent, from the third-quarter 2013 dividend.

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 approximately $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.

Williams has paid a common stock dividend every quarter since 1974.

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Source: TendersInfo (India)

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