Published:
ONEOK Increases Quarterly Dividend
TULSA, Okla., July 17 /PRNewswire-FirstCall/ -- The board of directors of
ONEOK, Inc. (NYSE: OKE) has raised the company's quarterly dividend to
40 cents per share from 38 cents per share of common stock, payable Aug. 14,
2008, to shareholders of record at the close of business July 31, 2008.
"This dividend increase, our second this year, reflects our continued
strong financial performance and commitment to create value for shareholders
in the form of dividends," said John W. Gibson, ONEOK chief executive officer.
In January 2008, ONEOK raised its dividend to 38 cents per share from
36 cents a share. Since January 2003, the company has increased its dividend
13 times, representing a 258 percent increase during that period.
ONEOK, Inc. (NYSE: OKE) is a diversified energy company. We are the
general partner and own 47.7 percent of ONEOK Partners, L.P. (NYSE: OKS), one
of the largest publicly traded limited partnerships, which is a leader in the
gathering, processing, storage and transportation of natural gas in the U.S.
and owns one of the nation's premier natural gas liquids (NGL) systems,
connecting much of the natural gas and NGL supply in the Mid-Continent with
key market centers. ONEOK is among the largest natural gas distributors in
the United States, serving more than 2 million customers inOklahoma,Kansas
andTexas. Our energy services operation focuses primarily on marketing
natural gas and related services throughout the U.S. ONEOK is a Fortune 500
company.
For information about ONEOK, Inc. visit the Web site:
http://www.oneok.com.
Some of the statements contained and incorporated in this news release are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The forward-looking statements relate to
financial adjustments in connection with the accelerated share repurchase
program and other matters. The Private Securities Litigation Reform Act of
1995 provides a safe harbor for forward-looking statements in certain
circumstances. OKE-FD
Analyst Contact: Dan Harrison
918-588-7950
Media Contact: Megan Washbourne
918-588-7572
SOURCE ONEOK, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,OIL,FIN,DIV,OK-ONEOK-Dividend
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