On Friday, Shares of Williams Companies, Inc. (NYSE:WMB), lost -2.94% to $42.97.
The Williams Companies, board of directors has approved a regular dividend of $0.64 on the company’s common stock, payable September 30, 2015, to holders of record at the close of business September 24, 2015.
The new amount is an improvement of $0.08, or 14 percent, from the third-quarter 2014 dividend and an improvement of $0.05, or 8.5 percent, from the previous quarter. The improvement is consistent with dividend guidance Williams issued July 29, 2015 as part of its second-quarter earnings declaration.
The process to explore a range of planned alternatives declared by Williams on June 21, 2015, following receipt of an unsolicited proposal to acquire Williams, is ongoing.
Williams has paid a common stock dividend every quarter since 1974.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.
Shares of The Charles Schwab Corporation (NYSE:SCHW), declined -0.36% to $30.49, during its last trading session.
Schwab Compliance Technologies, Inc., a leading provider of advanced employee monitoring services, declared that it issued a Service Organization Control (SOC) 2 Type II report for Security.
“Schwab Compliance Technologies is responsible for monitoring the trading activity of hundreds of thousands of employees who work for the client firms we serve. Every day we receive about 20,000 data feeds from more than 2,000 broker-dealers all over the country, and our clients want assurance that their employee information is secure with us,” said Scott Rister, vice president and general manager, Compliance Solutions. “Our report assists assure the integrity of the services we provide to client firms while making it easier for them to receive the due diligence information they need.”
The need for firms to protect non-public information is at an all-time high and failure to do so can impact a firm’s reputation and growth potential. Schwab Compliance Technologies made a noteworthy investment in attaining this report and underwent an examination conducted by Deloitte & Touche, LLP. The SOC2 Type II report is based on standards established by the American Institute of Certified Public Accountants (AICPA) and is the result of an examination of a service organization’s standards and controls around the following seven Security Principles:
- Organization and administration – How the organization is structured and the processes the organization has implemented to manage and support people within its operating units. This comprises criteria addressing accountability, integrity, ethical values and qualifications of personnel, and the environment in which they function.
- Communications – How the organization communicates its policies, processes, procedures, commitments, and requirements to authorized users and other parties of the system.
- Risk administration and design and implementation of controls – How the organization (i) identifies potential risks that would affect the entity’s ability to achieve its objectives, (ii) analyzes those risks, (iii) develops responses to those risks counting the design and implementation of controls and other risk mitigating actions, and (iv) conducts ongoing monitoring of risks and the risk administration process.
- Monitoring of controls – How the organization monitors the system, counting the suitability and design and operating effectiveness of the controls, and takes action to address deficiencies identified.
- Logical and physical access controls – How the organization restricts logical and physical access to the system, provides and removes that access, and prevents unauthorized access.
- System operations – How the organization manages the execution of system procedures and detects and mitigates processing deviations, counting logical and physical security deviations.
- Change administration – How the organization identifies the need for changes to the system, makes the changes following a controlled change administration process, and prevents unauthorized changes from occurring.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Finally, The Bank of New York Mellon Corporation (NYSE:BK), ended its last trade with 0.58% gain, and closed at $39.56.
Thomas P. Gibbons, vice chairman and chief financial officer of BNY Mellon, and Brian T. Shea, vice chairman and chief executive officer of BNY Mellon Investment Services, will be presenting at the 2015 Barclays Global Financial Services Conference in New York at 9 a.m. EDT on Thursday, September 17.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
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