Williams Cos. (WMB) Reports Q2 EPS of 19c, Lowers Dividend

Williams Cos. (NYSE: WMB) reported Q2 EPS of $0.19, may not compare to the analyst estimate of $0.22.

Williams expects the payment of a quarterly dividend of $0.20 per share to its common stockholders ($0.80 annually), reduced from its current quarterly level of $0.64 ($2.56 annually), beginning with the third quarter 2016 dividend payable in September 2016. This dividend level will allow Williams to annually retain approximately $1.3 billion that can be reinvested into Williams Partners to enhance its ability to maintain its distribution and increase its distribution coverage, while providing the partnership with the flexibility to reduce debt and maintain its investment grade ratings.

For earnings history and earnings-related data on Williams Cos. (WMB) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Pfizer lung cancer drug misses survival goal in Phase 3 trial
• Robinhood prices $2B convertible notes offering due 2029