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Actionable news in WMB: WILLIAMS COMPANIES Inc,

Williams Companies Is a Buy Despite Dividend Cut

Shares of Williams Companies (WMB) declined more than 6% Monday, driven by a combination of plummeting oil prices and profit taking ahead of the company's second-quarter results after the market closed. The company posted adjusted earnings of 19 cents per share, below analysts' estimates of 22 cents per share.

Williams also reduced its quarterly dividend to 20 cents per share for the third quarter, down from 64 cents per share...