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.