Energy infrastructure company The Williams Companies, Inc. (WMB) will report its fourth-quarter and full-year 2023 financial results tomorrow. Ahead of the earnings release, the company announced a 6.1% increase in its quarterly dividend to $0.4750 per share, payable to shareholders on March 25, 2024.
Its annual dividend of $1.90 yields 5.50% on the prevailing price, lower than the four-year average yield of 6.23%. Additionally, last month, WMB declared the closing of a major acquisition of a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion, expected to cater to growing LNG demand.
