This High-Yielding Energy Stock Dividend Is on Rock-Solid Ground
Williams (NYSE: WMB) provides investors with an attractive dividend these days. The natural gas pipeline giant has a 5.7%-yielding payout that Williams has grown at a 6% compound annual rate since 2018. That big-time dividend should continue rising in the future.
Fueling that view is the company's strong financial results and outlook for what's ahead. Here's why Williams looks like an outstanding stock to generate passive income these days.
Williams recently reported strong financial results. The natural gas infrastructure giant generated $6.4 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2022, a 14% increase from 2021. Meanwhile, it produced $4.9 billion of adjusted funds from operations (FFO) last year. That was up an impressive 21% from 2021's level.
Source Fool.com
