Williams announced that effective with the quarterly dividend to be paid in March 2017, the company expects to pay a quarterly dividend of $0.30 per share ($1.20 per share on an annualized basis), an increase of 50% above the company's dividend paid in December 2016 of $0.20 per share ($0.80 per share on an annualized basis). The company expects dividend per share growth of 10-15% annually over the next several years. Future quarterly dividend payments are subject to quarterly approval by the company's board of directors.