Williams Companies (WMB) Dividend
The Williams Companies, Inc. · Energy · Oil & Gas Midstream · quarterly payer
As of Nov 5, 2026, Williams Companies (WMB) pays a quarterly dividend of $0.5250 per share, or $2.10 a year, a 3.09% yield at its $66.21 share price. The next ex-dividend date is Dec 11, 2026, paid Dec 28, 2026. It has raised its dividend 8 years in a row and has a dividend safety grade of B.
Forward Yield
3.09%
Annual Dividend
$2.10
Payout Ratio
82%
5-Yr Growth
4.6%
Ex-Date
Dec 11, 2026
Frequency
Quarterly
Key facts about WMB's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The Williams Companies, Inc. (WMB) has a forward dividend yield of 3.09%, based on an annual dividend of $2.10 per share and a share price of $66.21.
- As of Nov 5, 2026, WMB's dividend safety grade from SmarterDividends is B (71 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, The Williams Companies, Inc. (WMB) has raised its dividend for 8 consecutive years as of Nov 5, 2026.
- WMB last cut its regular dividend in 2016.
- WMB's next ex-dividend date is Dec 11, 2026, with payment on Dec 28, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, WMB pays out 82% of its trailing 12-month earnings as dividends (its payout ratio).
- WMB's dividend has grown at an average rate of 4.6% a year over the past five years.
- As of Nov 5, 2026, WMB's 3.09% yield is 38% below its five-year average yield of 4.96%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for WMB is $49.91 per share, 25% below the $66.21 share price, so WMB screens as overvalued.
- The Williams Companies, Inc. (WMB) pays its dividend quarterly, 4 times a year.
- The Williams Companies, Inc. (WMB) has raised its regular dividend 43 times and cut it 2 times across the 180 payments on record since 1982. Its most recent change was a 5.0% increase to $0.525 per share, going ex-dividend on Mar 13, 2026. The last cut went ex-dividend on Sep 7, 2016.
- Williams (WMB) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 5.0%, was declared on Jan 27, 2026.
Cite this page
SmarterDividends, "WMB Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/WMB
Is WMB a good dividend stock?
Yes, with caveatsThe Williams Companies, Inc. (WMB) pays a quarterly dividend yielding 3.09% ($2.10/yr), with 8 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 178% total price return over 5 years
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 3.09%
- Payout Ratio
- 82%
- Annual Dividend
- $2.10
- 5-Yr Avg Growth
- 4.6%
- Ex-Dividend Date
- Dec 11, 2026
- Years of Growth
- 8
- Frequency
- quarterly
- Beta
- 0.63
- Market Cap
- $82.8B
- P/E Ratio
- 26.1
- 5-Yr Total Return
- 178%
- 52-Week Range
- $56.19 – $80.08
- Dividend Safety
- B · 71/100
- Ever Cut?
- Yes (2016)
WMB dividend raises and cuts
The Williams Companies, Inc. (WMB) has raised its regular dividend 43 times and cut it 2 times across the 180 payments on record since 1982. Its most recent change was a 5.0% increase to $0.525 per share, going ex-dividend on Mar 13, 2026. The last cut went ex-dividend on Sep 7, 2016.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 13, 2026 | Raise | $0.500 → $0.525 | +5.0% |
| Mar 14, 2025 | Raise | $0.475 → $0.500 | +5.3% |
| Mar 7, 2024 | Raise | $0.448 → $0.475 | +6.0% |
| Mar 10, 2023 | Raise | $0.425 → $0.448 | +5.4% |
| Mar 10, 2022 | Raise | $0.410 → $0.425 | +3.7% |
| Mar 11, 2021 | Raise | $0.400 → $0.410 | +2.5% |
| Mar 12, 2020 | Raise | $0.380 → $0.400 | +5.3% |
| Mar 7, 2019 | Raise | $0.340 → $0.380 | +11.8% |
| Mar 8, 2018 | Raise | $0.300 → $0.340 | +13.3% |
| Mar 8, 2017 | Raise | $0.200 → $0.300 | +50.0% |
| Sep 7, 2016 | Cut | $0.640 → $0.200 | −68.8% |
| Sep 22, 2015 | Raise | $0.590 → $0.640 | +8.5% |
Show all 45 changes since 1984
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 10, 2015 | Raise | $0.580 → $0.590 | +1.7% |
| Mar 11, 2015 | Raise | $0.570 → $0.580 | +1.8% |
| Dec 10, 2014 | Raise | $0.560 → $0.570 | +1.8% |
| Sep 10, 2014 | Raise | $0.425 → $0.560 | +31.8% |
| Jun 11, 2014 | Raise | $0.403 → $0.425 | +5.5% |
| Mar 12, 2014 | Raise | $0.380 → $0.403 | +6.1% |
| Dec 11, 2013 | Raise | $0.366 → $0.380 | +3.8% |
| Sep 11, 2013 | Raise | $0.352 → $0.366 | +4.0% |
| Jun 5, 2013 | Raise | $0.339 → $0.352 | +3.8% |
| Mar 6, 2013 | Raise | $0.325 → $0.339 | +4.3% |
| Dec 5, 2012 | Raise | $0.313 → $0.325 | +3.8% |
| Aug 22, 2012 | Raise | $0.300 → $0.313 | +4.3% |
| Jun 6, 2012 | Raise | $0.259 → $0.300 | +15.8% |
| Mar 7, 2012 | Raise | $0.204 → $0.259 | +27.1% |
| Dec 7, 2011 | Raise | $0.163 → $0.204 | +25.0% |
| Jun 8, 2011 | Raise | $0.102 → $0.163 | +60.0% |
| Jun 9, 2010 | Raise | $0.0897 → $0.102 | +13.6% |
| Jun 11, 2008 | Raise | $0.0815 → $0.0897 | +10.0% |
| May 23, 2007 | Raise | $0.0734 → $0.0815 | +11.1% |
| Jun 7, 2006 | Raise | $0.0611 → $0.0734 | +20.0% |
| Aug 24, 2005 | Raise | $0.0408 → $0.0611 | +50.0% |
| Dec 8, 2004 | Raise | $0.0082 → $0.0408 | +400.0% |
| Aug 21, 2002 | Cut | $0.163 → $0.0082 | −95.0% |
| Dec 12, 2001 | Raise | $0.147 → $0.163 | +11.1% |
| Aug 22, 2001 | Raise | $0.122 → $0.147 | +20.0% |
| Jun 6, 2001 | Raise | $0.112 → $0.122 | +8.9% |
| Dec 3, 1997 | Raise | $0.0973 → $0.112 | +15.4% |
| Dec 4, 1996 | Raise | $0.0848 → $0.0973 | +14.7% |
| Feb 28, 1996 | Raise | $0.0674 → $0.0848 | +25.9% |
| Feb 27, 1995 | Raise | $0.0524 → $0.0674 | +28.6% |
| Nov 29, 1993 | Raise | $0.0474 → $0.0524 | +10.5% |
| Mar 9, 1992 | Raise | $0.0437 → $0.0474 | +8.6% |
| Dec 3, 1984 | Raise | $0.0374 → $0.0437 | +16.7% |
Frequently Asked Questions
Is WMB a good dividend stock?
Yes, with caveats. The Williams Companies, Inc. (WMB) pays a quarterly dividend yielding 3.09% ($2.10/yr), with 8 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is WMB undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WMB's fair value is about $49.91 versus a $66.21 share price — so it looks overvalued (-25% vs. fair value).
Is WMB's dividend safe?
WMB has a dividend-safety grade of B (71/100), based on its payout coverage, free-cash-flow, 8-year growth streak, a dividend cut in 2016, debt and yield-versus-history.
What is WMB's fair value?
Our blended fair-value estimate for WMB is about $49.91 per share, about 25% below the current $66.21 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is WMB a buy, hold, or sell?
We don't issue formal ratings, but on the data WMB screens as "yes, with caveats" and overvalued. The Williams Companies, Inc. (WMB) pays a quarterly dividend yielding 3.09% ($2.10/yr), with 8 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will WMB cut its dividend?
WMB earns a dividend-safety grade of B (71/100), and has cut its dividend before (last in 2016). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does WMB pay a dividend?
Yes. The Williams Companies, Inc. pays a quarterly dividend of about $2.10 per share annually, a forward yield of roughly 3.09%.
How much dividend does 100 shares of WMB pay?
At $2.10 per share a year, 100 shares of WMB pay $210.00 a year in dividends before tax, about $52.50 each quarter. Buying them costs about $6,621 at the Nov 5, 2026 price.
What is WMB's dividend yield?
As of Nov 5, 2026, WMB's forward dividend yield is 3.09%, based on a $2.10 annual dividend and a $66.21 share price.
What is WMB's dividend per share?
As of Nov 5, 2026, WMB pays $2.10 per share per year, distributed on a quarterly basis.
What is WMB's dividend payout ratio?
As of Nov 5, 2026, WMB's payout ratio is 82% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has WMB grown its dividend?
As of Nov 5, 2026, WMB has increased its dividend for 8 consecutive years.
When is the next WMB ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for WMB is Dec 11, 2026.
WMB Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+102%
5 Years
+178%
52-Week Range
$56.19 – $80.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WMB worth?
Overvaluedmedium confidenceOur blended fair-value estimate for The Williams Companies, Inc. is $49.91 per share, versus a market price of $66.21. That implies 25% of downside.
Fair Value
$49.91
Current Price
$66.21
Downside
-25%
Margin of Safety
-33%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 21.4% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $2.51 EPS, $2.10 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WMB Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full WMB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | Sep 28, 2026 | $0.5250 | regular |
| Jun 12, 2026 | Jun 29, 2026 | $0.5250 | regular |
| Mar 13, 2026 | Mar 30, 2026 | $0.5250 | regular |
| Dec 12, 2025 | Dec 29, 2025 | $0.5000 | regular |
| Sep 12, 2025 | Sep 29, 2025 | $0.5000 | regular |
| Jun 13, 2025 | Jun 30, 2025 | $0.5000 | regular |
| Mar 14, 2025 | Mar 31, 2025 | $0.5000 | regular |
| Dec 13, 2024 | Dec 30, 2024 | $0.4750 | regular |
| Sep 13, 2024 | Sep 30, 2024 | $0.4750 | regular |
| Jun 7, 2024 | Jun 24, 2024 | $0.4750 | regular |
| Mar 7, 2024 | Mar 25, 2024 | $0.4750 | regular |
| Dec 7, 2023 | Dec 26, 2023 | $0.4480 | regular |
| Sep 8, 2023 | Sep 25, 2023 | $0.4480 | regular |
| Jun 9, 2023 | Jun 26, 2023 | $0.4480 | regular |
Income Calculator
At $2.10 / yr per share
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