Summary
ONEOK Inc. (OKE) announced a significant increase in its quarterly dividend, raising it by 13 cents per share, or 21 percent, to 74.5 cents per share. This translates to an annualized dividend of $2.98 per share. The dividend increase reflects the company's confidence in its financial performance and commitment to returning value to its shareholders. This positive development is a key indicator for investors seeking income and capital appreciation from their OKE holdings.
Key Highlights
- 1Quarterly dividend increased by 21% to 74.5 cents per share.
- 2Annualized dividend now stands at $2.98 per share.
- 3Dividend increase was approved by the board of directors on July 26, 2017.
- 4Dividend payment date is August 14, 2017, for shareholders of record on August 7, 2017.
- 5The company issued a press release on July 26, 2017, to announce the dividend increase.
Frequently Asked Questions
The new quarterly dividend per share for ONEOK Inc. is 74.5 cents.
ONEOK Inc. increased its quarterly dividend by 21 percent.
The dividend is payable on August 14, 2017, to shareholders of record at the close of business on August 7, 2017.
The annualized dividend based on the new quarterly rate of 74.5 cents per share is $2.98 per share.