Summary
ONEOK Inc. (OKE) announced on May 20, 2004, a notable increase in its quarterly dividend for common stockholders. The board of directors approved a two-cent per share increase, bringing the new quarterly dividend to 23 cents per share. This decision signals confidence from the company's leadership in its financial stability and future earnings potential. This dividend raise is a positive development for investors, offering a higher return on their investment. The dividend is scheduled to be paid on August 16, 2004, to shareholders of record as of July 30, 2004. Investors should note that this announcement was made via a press release filed with the SEC as part of their Form 8-K filing.
Key Highlights
- 1ONEOK Inc. increased its quarterly dividend by two cents per share.
- 2The new quarterly dividend rate is 23 cents per share.
- 3The dividend increase was declared by the Board of Directors on May 20, 2004.
- 4The ex-dividend date is July 30, 2004.
- 5The payment date for the increased dividend is August 16, 2004.
- 6The announcement was made via a Form 8-K filing.
- 7This action indicates potential positive outlook from the company's management.