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This 5.1%-Yielding Dividend Stock Makes a $2 Billion Acquisition to Add More Fuel to Its Dividend Growth Engine

TheMotleyFool

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This 5.1%-Yielding Dividend Stock Makes a $2 Billion Acquisition to Add More Fuel to Its Dividend Growth Engine: https://g.foolcdn.com/editorial/images/759447/a-chart-showing-a-steadily-rising-bar-chart-with-a-rocket-ship.jpg

Williams (NYSE: WMB) has a strong record of paying dividends. The natural gas infrastructure company has paid a dividend every quarter since 1974.

The company hasn't increased its payment every year, but it has grown the payout at a 6% compound annual pace since 2018. It currently yields an attractive 5.1%, well above the S&P 500's 1.5% dividend yield.

The pipeline company should have plenty to continue growing its high-yielding payout. It recently added more fuel to its growth engine by making a $2 billion acquisition that will supply it with incremental cash flow while enhancing its growth prospects.

Source Fool.com

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