Williams Cos. (WMB) Reports Q2 EPS of 19c, Lowers Dividend
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Williams Reports Strong Second Quarter 2016 Financial Results, Provides Financial Update and Announces Actions to Strengthen Credit Profile and Fund Fee-based Growth Portfolio at Williams Partners
August 1, 2016 4:15 PM EDTCash Flow from Operations is $685 Million for 2Q 2016; $1.464 Billion for Year-to-Date Continued Strong Financial Performance; Significant Cost Reductions Achieved in 2Q Expects Williams Partners to Maintain Quarterly Cash Distribution of $0.85 per Unit in 3Q 2016 or $3.40 Annualized through 2017 Williams Partners Expects to Implement Distribution Reinvestment Program (DRIP) Williams Intends to Reinvest Approximately $1.7 Billion into Williams Partners through 2017, Funded by Reduced Quarterly Cash Dividend Quarterly Cash Dividend at Williams Reduced to $0.20 per Share in 3Q 2016 or $0.80 Annualized through 2017... More
