5 Under-the-Radar High Dividend Stocks to Buy

4. The Williams Companies, Inc. (NYSE:WMB)

Dividend Yield as of March 13: 6.19%

The Williams Companies, Inc. (NYSE:WMB) is an Oklahoma-based energy company that specializes in natural gas processing and transportation. On March 9, the company declared a 5.3% hike in its quarterly dividend to $0.4475 per share. This was the company’s seventh consecutive year of dividend growth, which makes it one of the high-dividend stocks to buy. The stock’s dividend yield came in at 6.19% on March 13.

In January, Capital Advisors upgraded The Williams Companies, Inc. (NYSE:WMB) to Overweight from Hold and with a $36 price target, highlighting the company’s performance in 2022.

In FY22, The Williams Companies, Inc. (NYSE:WMB) reported revenue of nearly $11 billion, which showed a 3.2% growth from the same period last year. The company’s operating cash flow for the year came in at over $4.8 billion, up 24% from the prior-year period.

As of the close of Q4 2022, 34 hedge funds tracked by Insider Monkey owned stakes in The Williams Companies, Inc. (NYSE:WMB), compared with 35 in the previous quarter. These stakes have a consolidated value of over $286.6 million.

Longleaf Partners mentioned The Williams Companies, Inc. (NYSE:WMB) in its Q2 2022 investor letter. Here is what the firm has to say:

“The Williams Companies, Inc. (NYSE:WMB) – US natural gas pipeline operator Williams contributed as it benefitted from positive natural gas tailwinds in the quarter. After scaling back the position in the first quarter, we sold the remaining position in the quarter as its price reached our appraisal value. This was a very successful investment that was extremely contrarian in 2019 and now has become much more consensus appreciated.”