This High-Yield Stock Has High-Octane Growth Ahead

Earlier this year, Williams Companies (NYSE: WMB)announced a 13.33% dividend increase. That figure was in the middle of the company's guidance range, which forecast that it could boost its payout at a 10% to 15% annual rate through at least next year. However, after providing an update on what's coming down the pipeline at its recent Analyst Day, it's clear that Williams has plenty of growth ahead, beyond 2019.

Because of that, income-seeking investors have the chance to scoop up a rock-solid 5% yielding dividend that should grow at a high rate for several years.