ONEOK Increases Quarterly Dividend

Rhea-AI Summary

ONEOK, Inc. (NYSE: OKE) has announced a 2% increase in its quarterly dividend, raising it to 95.5 cents per share, resulting in an annualized dividend of $3.82 per share. This dividend is set to be paid on February 14, 2023, to shareholders recorded by the close of business on January 30, 2023.

Known for its extensive natural gas liquids system, ONEOK is a leading midstream service provider and included in the S&P 500. This increase reflects the company’s ongoing commitment to returning value to its shareholders.

Positive

• Dividend increased by 2% to 95.5 cents per share
• Annualized dividend now at $3.82 per share
• Payment date set for February 14, 2023, demonstrating commitment to shareholders

Negative

• None.

TULSA, Okla., Jan. 18, 2023 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK's quarterly dividend to 95.5 cents per share, an increase of 2%. This increase results in an annualized dividend of $3.82 per share.

The dividend is payable Feb. 14, 2023, to shareholders of record at the close of business Jan. 30, 2023.

ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Mid-Continent and Permian regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.

ONEOK is a FORTUNE 500 company and is included in the S&P 500.

For the latest news about ONEOK, find us at www.oneok.com or on LinkedIn, Facebook, Twitter 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," "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:	Andrew Ziola
	918-588-7683
Media Contact:	Brad Borror
	918-588-7582

 

View original content:https://www.prnewswire.com/news-releases/oneok-increases-quarterly-dividend-301725114.html

SOURCE ONEOK, Inc.

FAQ

What is the new dividend amount for ONEOK (OKE)?

The new quarterly dividend for ONEOK (OKE) is 95.5 cents per share.

When will the dividend be paid to shareholders of ONEOK (OKE)?

The dividend will be paid on February 14, 2023.

What is the annualized dividend for ONEOK (OKE) after the increase?

The annualized dividend for ONEOK (OKE) is now $3.82 per share.

Who is eligible to receive the new dividend from ONEOK (OKE)?

Shareholders on record at the close of business on January 30, 2023, are eligible to receive the new dividend.