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.