Williams Increases Common Dividend

Williams’ board of directors today approved an increase of the regular dividend on the company’s common stock. The new dividend is 11 cents per share, payable on June 30, 2008, to holders of record at the close of business on June 13, 2008.

Today’s declaration by the board raises the dividend by 10 percent compared with the 10 cents per share that the company paid in each of the four prior quarters.

Williams has paid a common stock dividend every quarter since 1974. This is the fifth increase in the Williams dividend since late 2004.



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