Published on 2 Jun 2024 on Simply Wall St. via Yahoo Finance

Interested In Williams Companies' (NYSE:WMB) Upcoming US$0.475 Dividend? You Have Four Days Left

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that The Williams Companies, Inc. (NYSE:WMB) is about to go ex-dividend in just 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase Williams Companies' shares before the 7th of June in order to be eligible for the dividend, which will be paid on the 24th of June.

The company's upcoming dividend is US$0.475 a share, following on from the last 12 months, when the company distributed a total of US$1.90 per share to shareholders. Last year's total dividend payments show that Williams Companies has a trailing yield of 4.6% on the current share price of US$41.51. If you buy this business for its dividend, you should have an idea of whether Williams Companies's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.