Summary
ONEOK, Inc. announced on July 19, 2006, a seven percent increase in its quarterly dividend for common stock. The new dividend rate will be 32 cents per share, up from the previous 30 cents per share. This dividend is scheduled to be paid on August 14, 2006, to shareholders of record as of July 31, 2006. This dividend increase signals the company's confidence in its financial performance and its commitment to returning value to shareholders. Investors should view this as a positive development, potentially reflecting strong operational results and a stable outlook for the company's future cash flows.
Key Highlights
- 1ONEOK, Inc. announced a 7% increase in its quarterly dividend for common stock.
- 2The new quarterly dividend rate is 32 cents per share.
- 3The previous quarterly dividend rate was 30 cents per share.
- 4The ex-dividend date is July 31, 2006.
- 5The payment date for the increased dividend is August 14, 2006.
- 6This announcement was made via an 8-K filing on July 20, 2006, reporting an event on July 19, 2006.
- 7A press release dated July 19, 2006, announcing the dividend increase is attached as an exhibit.