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