ONEOK Declares Quarterly Dividend

Rhea-AI Summary

ONEOK, Inc. (NYSE: OKE) has declared a quarterly dividend of 99 cents per share, unchanged from the previous quarter. This results in an annualized dividend of $3.96 per share. The dividend is payable on Nov. 14, 2024, to shareholders of record at the close of business on Nov. 1, 2024.

ONEOK is a leading midstream operator with a 50,000-mile pipeline network, providing gathering, processing, fractionation, transportation, and storage services for natural gas, natural gas liquids (NGLs), refined products, and crude oil. The company is also the managing member of EnLink Midstream, (NYSE: ENLC), owning 43% of EnLink's outstanding common units.

Positive

• Maintained quarterly dividend of $0.99 per share
• Annualized dividend of $3.96 per share
• Extensive 50,000-mile pipeline network
• Diversified energy infrastructure operations
• 43% ownership of EnLink Midstream's outstanding common units

Negative

• None.

TULSA, Okla., Oct. 16, 2024 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 99 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.96 per share.

The dividend is payable Nov. 14, 2024, to shareholders of record at the close of business Nov. 1, 2024.

At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

As of Oct. 15, 2024, ONEOK is the managing member of EnLink Midstream, LLC (NYSE: ENLC) (EnLink) and owns 43% of EnLink's outstanding common units. EnLink provides integrated midstream infrastructure services for natural gas, crude oil and NGLs.  

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma.

For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram.

Some of the statements contained and incorporated in this news release are forward-looking statements as defined under federal securities laws. The forward-looking statements relate to our anticipated financial performance (including projected levels of quarterly and annual dividends), liquidity, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under federal securities laws and other applicable laws.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "guidance," "intend," "may," "might," "outlook," "plan," "potential," "project," "scheduled," "should," "will," "would" and other words and terms of similar meaning.

One should not place undue reliance on forward-looking statements. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Those factors may affect our operations, markets, products, services and prices. These and other risks are described in greater detail in Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K and in the other filings that we make with the Securities and Exchange Commission (SEC), which are available on the SEC's website at www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Any such forward-looking statement speaks only as of the date on which such statement is made, and, other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.

Analyst Contact:	Megan Patterson
	918-561-5325
Media Contact:	Brad Borror
	918-588-7582

 

View original content:https://www.prnewswire.com/news-releases/oneok-declares-quarterly-dividend-302278223.html

SOURCE ONEOK, Inc.

FAQ

What is ONEOK's quarterly dividend for Q4 2024?

ONEOK (NYSE: OKE) declared a quarterly dividend of 99 cents per share for Q4 2024, unchanged from the previous quarter.

When is ONEOK's Q4 2024 dividend payable?

ONEOK's Q4 2024 dividend is payable on November 14, 2024, to shareholders of record at the close of business on November 1, 2024.

What is ONEOK's annualized dividend for 2024?

ONEOK's annualized dividend for 2024 is $3.96 per share, based on the quarterly dividend of 99 cents per share.

How extensive is ONEOK's pipeline network?

ONEOK operates a 50,000-mile pipeline network for transporting natural gas, natural gas liquids (NGLs), refined products, and crude oil.

What is ONEOK's ownership stake in EnLink Midstream?

As of October 15, 2024, ONEOK is the managing member of EnLink Midstream, (NYSE: ENLC) and owns 43% of EnLink's outstanding common units.