Williams Partners Forecast Cash Distribution Coverage Of 1.03 In 2015

(RTTNews) - Williams (WMB) and Williams Partners (WPZ) Tuesday said its currently expects annual per LP unit distribution 6 percent in each 2014 and 2015 and 4.5 percent in 2016. Williams Partners has forecast cash distribution coverage of 1.03 in 2015 and 1.05 in 2016.

Williams currently expect rapidly growing distributions for WPZ and Access Midstream Partners, L.P. (ACMP), including distributions from its LP and GP interests including incentive distribution rights, to drive 20 percent dividend growth at Williams through 2016.

"With this extension of our guidance, the expected 2016 dividend is more than five times the level of the 2010 dividend," said Alan Armstrong, Williams' CEO.(WMB) and Williams Partners (WPZ) Tuesday said its currently expects annual per LP unit distribution growth of 6 percent in each 2014 and 2015 and 4.5 percent in 2016. Williams Partners has forecast cash distribution coverage of 1.03 in 2015 and 1.05 in 2016.

Williams currently expect rapidly growing distributions for WPZ and Access Midstream Partners, L.P. (ACMP), including distributions from its LP and GP interests including incentive distribution rights, to drive 20 percent dividend growth at Williams through 2016.

"With this extension of our guidance, the expected 2016 dividend is more than five times the level of the 2010 dividend," said Alan Armstrong, Williams' CEO.