WMB - Tellurian Is Too Risky for This High-Yield Dividend Stock
2024-03-21 06:42:00 ET
Natural gas infrastructure giant Williams (NYSE: WMB) has been looking to expand deeper into the liquefied natural gas (LNG) market. Last year, it spent $2 billion on strategically located natural gas storage assets to serve the growing LNG market.
It has also looked into investing directly in LNG developments, including evaluating an acquisition of Tellurian (NYSEMKT: TELL) , which is developing Driftwood LNG. Investments to support the growing LNG market could give it more fuel to grow its cash flow and 5.1%-yielding dividend.
However, Williams has opted against acquiring Tellurian, deeming Driftwood too risky. Here's a look at why and what that means for Tellurian.
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Tellurian Is Too Risky for This High-Yield Dividend Stock