Dividend Challengers 2025: Top 25

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

Dividend Yield as of April 29: 3.35%

The Williams Companies, Inc. (NYSE:WMB) is an American energy company that specializes in natural gas processing and transportation. The company owns what is widely considered the most valuable natural gas pipeline system in the U.S.—Transco—which runs from the gas-rich Appalachian region through the Southeastern states down to the Gulf Coast. This pipeline supplies natural gas to major cities across the rapidly growing region.

In addition, The Williams Companies, Inc. (NYSE:WMB) is advancing several organic expansion projects aimed at driving earnings growth from 2027 onward. One key initiative is the Southeast Supply Enhancement project, a nearly $1.5 billion expansion of Transco’s capacity, expected to go into service by late 2027. The company has also approved the Transco Dalton Lateral Expansion II project, with completion targeted by the end of 2029. These developments position the company to steadily increase its earnings and cash flow through the rest of the decade.

On April 29, The Williams Companies, Inc. (NYSE:WMB) declared a quarterly dividend of $0.29 per share, which was consistent with its previous dividend. The company announced a 5.3% hike in its quarterly dividend in January, which marked its ninth consecutive annual dividend growth. With a dividend yield of 3.35%, as of April 29, WMB is one of the best dividend stocks on our dividend challengers list.