S&P: Williams unaffected

Standard & Poor's said The Williams Cos. Inc.'s (B+/stable/--) decision to increase its dividend detracts from the company's credit quality, but does not affect its rating or outlook on the company.

Williams' board of directors approved a regular dividend of 5 cents per share on the company's common stock, raising the dividend five-fold.

S&P said the higher dividend may lower discretionary cash flow available to pay down debt and may signal a slow down in future debt reduction.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.