ONEOK (OKE) will raise its quarterly dividend by 0.6 percent to $0.86 per share in the first quarter of 2019. This follows a total dividend hike of 14.8 percent in 2018 by the energy midstream services provider.

The next dividend is payable February 14, 2019, to shareholders of record at the close of business January 28, 2019. A new annualized dividend rate of $3.44 per share for OKE yields 5.4% at a stock price of $63.19. The company has now increased its annual dividend for 17 consecutive years based on the 2019 dividend rate.

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.