ONEOK (OKE) will raise its quarterly dividend by another 2.9 percent to $0.89 per share in 2019.
This follows a total dividend hike of 14.8 percent in 2018 by the energy midstream services provider. Year-to-date the dividend is raised by a total of 4.1 percent after this last dividend hike.
The increased dividend is payable August 14, 2019, to shareholders of record at the close of business August 6, 2019. A new annualized dividend rate of $3.56 per share yields 5.2% at a stock price of $68.49.
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.