Analysis – Williams Companies Inc. Increases Dividend by 8%

WMB

Williams Companies Incorporated announced a regular quarterly dividend of $0.64, an 8 percent increase from the prior rate of $0.59 per share. The dividend will be paid at the new higher rate on September 30, 2015, to shareholders of record at close of business on September 24, 2015.

Date Quarterly Dividend
9/24/2015 0.64
6/10/2015 0.59
3/11/2015 0.58
12/10/2014 0.57
9/10/2014 0.56
6/11/2014 0.425
3/12/2014 0.403
12/11/2013 0.38
9/11/2013 0.366
6/5/2013 0.352
3/6/2013 0.339
12/5/2012 0.325
8/22/2012 0.313
6/6/2012 0.3
3/7/2012 0.259
12/7/2011 0.204
8/24/2011 0.163
6/8/2011 0.163
3/9/2011 0.102
12/8/2010 0.102
8/25/2010 0.102
6/9/2010 0.102
3/10/2010 0.09

Analysis of Valuation of Williams Companies (Symbol WMB).

Williams Companies is trading above its average price/sale (P/S) range.  Williams Companies is trading at the top of its average historical dividend yield. 

Price 9/14/15 % Yield 5 Year Div. Growth Rate  SPS    2015 P/S Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$42.27 5.49% 16% 10.25 4.26 0.38 5.75 5.49% 1.88%

Williams Companies Dividend Yield Chart (Click to enlarge)

WMB3

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.  Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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