The Williams Companies, Inc. (NYSE:WMB) announced a quarterly dividend on Tuesday, April 27th, RTT News reports. Shareholders of record on Friday, June 11th will be given a dividend of 0.41 per share by the pipeline company on Monday, June 28th. This represents a $1.64 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Thursday, June 10th.
The Williams Companies has raised its dividend by 33.3% over the last three years and has increased its dividend annually for the last 1 consecutive years. The Williams Companies has a dividend payout ratio of 135.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect The Williams Companies to earn $1.20 per share next year, which means the company may not be able to cover its $1.64 annual dividend with an expected future payout ratio of 136.7%.
WMB stock opened at $28.17 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.71 and a quick ratio of 0.67. The Williams Companies has a 52-week low of $17.48 and a 52-week high of $28.35. The company’s 50-day moving average price is $25.10. The company has a market capitalization of $34.22 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 4.45 and a beta of 1.50.
WMB has been the subject of a number of research analyst reports. Mizuho upped their price objective on shares of The Williams Companies from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, May 5th. TD Securities upped their price objective on shares of The Williams Companies from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, May 5th. Morgan Stanley upped their price objective on shares of The Williams Companies from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, March 22nd. Wells Fargo & Company upped their price objective on shares of The Williams Companies from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. Finally, Argus raised shares of The Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Monday, May 17th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.83.
The Williams Companies Company Profile
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, and West segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.
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