The Williams Companies (WMB) will increase its quarterly dividend to $0.38 per share.

Williams will raise it's quarterly dividend from $0.366 to $0.38 per share, and repeated its earlier outlook for a dividend growth of 20% in both 2014 and 2015. The dividend now has been raised for six consecutive quarters.

The Q4 dividend is 16.9% higher than the amount paid a year earlier. The full year dividend of $1.44 for 2013 is approximately 20% more than the amount paid in 2012. For the next two years Williams expects increases of 20% as well.

Williams owns approximately 64% of MLP Williams Partners, including the general partner interest and also has a significant investment in Access Midstream Partners, another MLP.

The indicated dividend yield is 4.4% at the current stock price of $34.91.

The Williams Companies, Inc. is an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins.