Natural gas transportation and storage MLP Williams Partners announced yesterday its third-quarter dividend of $0.8625 per unit, a 9% increase from the payout it made to investors last quarter of $0.8475 per unit.
The board of directors said the quarterly dividend is payable on August 9 to holders of record at the close of business on August 2. The master limited partnership has made quarterly payouts to investors since 2005.
The regular dividend payment equates to a $3.45-per-share annual dividend, yielding 6.7% based on the closing price today of Williams Partners' stock.
The article Williams Partners Hikes Dividend 9% originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.