Williams' board of directors has approved a regular dividend of $0.425 per share, or $1.70 annualized, on the company's common stock, payable on Sept. 26, 2022, to holders of record at the close of business on Sept. 9, 2022.

This is a 3.7% increase from Williams' third-quarter 2021 quarterly dividend of $0.41 per share, paid in September 2021.