Summary
ONEOK Inc. (OKE) announced on July 19, 2007, a notable increase in its second quarter 2007 common stock dividend. The dividend has been raised from 34 cents per share to 36 cents per share, representing a sequential increase. This dividend is scheduled to be paid on August 14, 2007, to shareholders who are on record as of July 31, 2007. This action signals confidence from management in the company's financial performance and its ability to return capital to shareholders.
Key Highlights
- 1ONEOK Inc. announced an increase in its second quarter 2007 dividend.
- 2The quarterly dividend per common share has been raised from $0.34 to $0.36.
- 3The ex-dividend date for this increased payout is July 31, 2007.
- 4The payment date for the dividend is August 14, 2007.
- 5This represents a positive signal to investors regarding the company's financial health and commitment to shareholder returns.
- 6The company filed an 8-K on July 19, 2007, to report this event.