ONEOK (OKE) will raise its quarterly dividend by 3.2 percent to $0.795 per share in the second quarter of 2018. In 2017 the dividend was hiked by a total of 21.1 percent.
The new dividend is payable in May 2018 and yields 5.3% based on the new annual dividend amount of $3.18 per share. The company has now raised its dividend twice in 2018.
As previously announced, ONEOK expects annual dividend growth of approximately 9 to 11 percent through 2021.
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.