Suspending buyback is not good. Green light for shorts to drag it down. Increasing dividend would make absolutely no sense. Price will not recover till GGR rebounds. The number of new properties creates additional headwinds. May take awhile before price reaches 60 again.
Valuation is based on free cash flow not on earnings. Pipeline industry requires high capital investment and thus depreciation expense which is non-cash. WMB has ability to continue increasing dividends with free cash as well as do other acquisitions. Cash rules.