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Natural gas transportation and storage MLP Williams Partners (NYSE: WPZ ) announced yesterday its third-quarter dividend of $0.8625 per unit, a 9% increase from the payout it made to investors last quarter of $0.8475 per unit.
The board of directors said the quarterly dividend is payable on August 9 to holders of record at the close of business on August 2. The master limited partnership has made quarterly payouts to investors since 2005.
The regular dividend payment equates to a $3.45-per-share annual dividend, yielding 6.7% based on the closing price today of Williams Partners' stock.