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WILLIAMS COMPANIES CITING IMPROVING PERFORMANCE, INCREASES DIVIDEND

WILLIAMS COMPANIES CITING IMPROVING PERFORMANCE, INCREASES DIVIDEND
 TULSA, Okla., Jan. 27 /PRNewswire/ -- The Williams Companies Inc. (NYSE: WMB) board of directors has voted to increase the quarterly dividend on the company's common stock 8.6 percent, from 35 cents to 38 cents per share, payable on March 30 to stockholders of record at the close of business on March 13.
 "We are pleased that we have emerged from our restructuring with earnings levels that allow us, for the first time in several years, to increase the dividend," said Joseph H. Williams, chairman and chief executive officer. "We are hopeful the earnings growth we are enjoying will allow us the opportunity to more frequently adjust our dividend level in the future."
 The dividend on the company's common stock had been 35 cents per share since the fourth quarter of 1984, when it was raised from 30 cents per share. The company has paid a common-stock dividend each quarter for the past 18 years.
 The board also declared a regular first-quarter dividend of 96.875 cents per share on the company's $3.875 convertible exchangeable preferred stock. The preferred stock dividend is payable on March 31 to stockholders of record at the close of business on March 13.
 The Williams Companies, listed on the New York and Pacific stock exchanges under the symbol WMB, provides pipeline transportation of natural gas and petroleum products and nationwide digital telecommunications.
 -0- 1/27/92
 /CONTACT: Jim Gipson of the Williams Companies, 918-588-2111/
 (WMB) CO: The Williams Companies Inc. ST: Oklahoma IN: OIL SU: DIV


RM -- SF003 -- 3626 01/27/92 10:20 EST
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Publication:PR Newswire
Date:Jan 27, 1992
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