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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Our common stock is listed on the New York Stock Exchange under the symbol “WMB.” At the close of business on February 19, 2018, we had approximately 6,979 holders of record of our common stock. The high and low sales price ranges (New York Stock Exchange composite transactions) and dividends declared by quarter for each of the past two years are as follows:

HighLowDividend
2017
First Quarter$32.69$27.68$0.30
Second Quarter31.2527.650.30
Third Quarter32.1828.760.30
Fourth Quarter30.7226.820.30
2016
First Quarter$26.68$10.22$0.64
Second Quarter23.8914.600.64
Third Quarter31.4319.680.20
Fourth Quarter32.2127.350.20

Some of our subsidiaries’ borrowing arrangements may limit the transfer of funds to us. These terms have not impeded, nor are they expected to impede, our ability to pay dividends. On February 21, 2018, our board of directors approved a regular quarterly dividend of $0.34 per share payable on March 26, 2018.

Performance Graph

Set forth below is a line graph comparing our cumulative total stockholder return on our common stock (assuming reinvestment of dividends) with the cumulative total return of the S&P 500 Stock Index and the Bloomberg Americas Pipelines Index for the period of five fiscal years commencing January 1, 2013. The Bloomberg Americas Pipelines Index is composed of Enbridge Inc., Kinder Morgan, Inc., TransCanada Corporation, ONEOK, Inc., Pembina Pipeline Corporation, Cheniere Energy, Inc., Targa Resources Corp., Inter Pipeline Ltd., Keyera Corp., AltaGas Ltd., Plains GP Holdings, L.P., and Williams. The graph below assumes an investment of $100 at the beginning of the period.

performancegraph4qtr2017rev1.jpg

201220132014201520162017
The Williams Companies, Inc.100.0122.8149.190.6119.1121.5
S&P 500 Index100.0132.4150.5152.5170.8208.1
Bloomberg Americas Pipelines Index100.0111.0130.071.5105.0104.7

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