Summary
ONEOK, Inc. announced a positive development for its shareholders with a declared increase in its quarterly dividend. Effective April 15, 2004, the company's board of directors approved a two-cent per share increase, raising the quarterly dividend to 21 cents per share for its common stock. This dividend increase signifies management's confidence in the company's financial health and its ability to generate sufficient cash flow to reward shareholders. Investors can anticipate this higher dividend payment beginning with the distribution on May 14, 2004, to those shareholders of record as of April 30, 2004. This action reflects a commitment to returning value to its investors and is a key indicator often watched by the market.
Key Highlights
- 1ONEOK, Inc. board of directors declared an increase in the quarterly dividend.
- 2The quarterly dividend per share has been increased by $0.02.
- 3The new quarterly dividend rate is $0.21 per share.
- 4The dividend increase was declared on April 15, 2004.
- 5The ex-dividend date for this increased payment is April 30, 2004.
- 6The payment date for the increased dividend is May 14, 2004.