During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Williams' (NYSE:WMB) board of directors has approved a regular dividend of $0.4475 per share, or $1.79 annualized, on the company's common stock, payable on March 27, 2023, to holders of record at the close of business on March 13, 2023.
Energy stocks have been on a tear since giving up their August gains, they have now returned to October’s trading levels, as the SPDR Select Sector Fund - Energy Select Sector (ARCA: XLE) is down over 6% in the past month.
Williams (NYSE:WMB) today announced that it has reached an agreement to acquire MountainWest Pipelines Holding Company (MountainWest) from Southwest Gas Holdings, Inc. (NYSE:SWX), in a transaction including $1.07