ONEOK (OKE) will raise its quarterly dividend to $0.77 per share in the first quarter of 2018. In 2017 the dividend was hiked by a total of 21.1 percent.
The new dividend is payable Feb. 14, 2018, to shareholders of record at the close of business Jan. 29, 2018. ONEOK currently has a dividend yield of 5.1%.
As previously announced, ONEOK expects annual dividend growth of approximately 9 to 11 percent through 2021. ONEOK has increased its dividend by 25 percent since the close of the ONEOK and ONEOK Partners merger transaction in June 2017.
ONEOK, Inc. is an energy midstream service provider in the United States. The company connects NGL (natural gas liquids supply) in the Mid-Continent, Permian and Rocky Mountain regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.