Dividend increase ONEOK Increases Quarterly Dividend
Wednesday, January 17, 2018, 4:15 PM ET
TULSA, Okla., Jan. 17, 2018 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK's quarterly dividend 2.5 cents per share, or 3 percent compared with its prior dividend, to 77 cents per share, resulting in an annualized dividend of $3.08 per share. The dividend is payable Feb. 14, 2018, to shareholders of record at the close of business Jan. 29, 2018.
ONEOK expects approximately 90 to 95 percent of this dividend to be a return of capital. Additional information regarding return of capital distributions is available at ONEOK's investor relations website, ir.oneok.com, under Stock Information.
As previously announced, ONEOK expects annual dividend growth of approximately 9 to 11 percent through 2021.
ONEOK has increased its dividend by 25 percent since the close of the ONEOK and ONEOK Partners merger transaction in June 2017.
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