Williams Cos cuts dividend by 68.8%
Williams Companies (WMB) will lower its quarterly dividend to $0.20 per share.
The dividend cut follows a 12.3% dividend hike in 2015. Williams had been increasing its dividend for 12 straight years before today's dividend cut.
Williams will have a new dividend yield of 3.3% based on Tuesday's $24.14 closing price.
The dividend cut follows a 12.3% dividend hike in 2015. Williams had been increasing its dividend for 12 straight years before today's dividend cut.
Williams will have a new dividend yield of 3.3% based on Tuesday's $24.14 closing price.
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