The Williams Companies Inc., parent company of Northwest Pipeline Corp., Salt Lake City, has declared a fourth-quarter dividend on the company's common stock of 35 cents per share payable Dec. 24 to shareholders of record Nov. 30.

Williams' directors also declared a fourth-quarter dividend of 96.875 cents per share on the company's $3.875 convertible exchangeable preferred stock payable Dec. 31 to shareholders of record Dec. 14.The Williams Companies operates a nationwide digital telecommunications network and 25,000 miles of natural gas and petroleum pipelines.