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Strategies & Market Trends : Value Investing

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To: Jim P. who wrote (40187)1/24/2011 4:06:48 PM
From: E_K_S  Read Replies (1) of 78753
 
Hi Jim -

Williams Partners L.P. Common U(NYSE: WPZ )

Williams Partners L.P. Raises Per-Unit Cash Distribution to 70.25 Cents for Fourth-Quarter 2010

finance.yahoo.com

From the article:"...Williams Partners L.P. (NYSE:WPZ - News) announced today that the regular quarterly cash distribution its unitholders receive has been increased to $0.7025 per unit.

The new per-unit amount is a 2-percent increase over the partnership's third-quarter 2010 distribution of $0.6875 per unit and an 11-percent increase over the partnership's fourth-quarter 2009 distribution of $0.635 per unit..."

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Their free flow cash continues to increase as you pointed out back in November w/ their new gathering partnership(s). Yield now over 6%. Williams Companies, Inc. (The) (NYSE: WMB ) will be one of the beneficiaries as they own over 50% of WPZ. The forward PE for WPZ at 14 is more attractive than WMB which is now over 20.

EKS
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