ONEOK (OKE) will raise its quarterly dividend by another 3.8 percent to $0.825 per share in the third quarter of 2018.

In 2017 the dividend was hiked by a total of 21.1 percent in this year the energy midstream service provider has already raised its dividend three times for a total of 10.7 percent.

The next dividend is payable August 14, 2018, to shareholders of record at the close of business August 6, 2018. The increase results in an annualized dividend of $3.30 per share, yielding 4.7% at a stock price of $70.12.

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.