Summary
ONEOK Inc. (OKE) announced a significant increase in its quarterly dividend, signaling confidence in its financial performance and commitment to returning value to shareholders. The board of directors approved a raise from 48 cents to 52 cents per share, effective for the fourth quarter of 2010. This increase reflects a positive outlook for the company and is a key takeaway for investors seeking income and potential capital appreciation.
Key Highlights
- 1ONEOK Inc. (OKE) announced an increase in its quarterly dividend to 52 cents per share.
- 2The previous quarterly dividend was 48 cents per share.
- 3This dividend increase is effective for the fourth quarter of 2010.
- 4The dividend will be paid on February 14, 2011.
- 5Shareholders of record as of the close of business on January 31, 2011, will receive the increased dividend.
- 6The company issued a news release dated January 19, 2011, detailing this announcement.
Frequently Asked Questions
The new quarterly dividend amount is 52 cents per share of common stock.
The dividend increase is effective for the fourth quarter of 2010.
Shareholders of record at the close of business on January 31, 2011, will receive the increased dividend.
The dividend is payable on February 14, 2011.