ONEOK (OKE) will raise its quarterly dividend by another 2.8 percent to $0.915 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 now raised by a total of 7.1 percent after this last dividend hike.
The increased dividend is payable November 14, 2019, to shareholders of record at the close of business November 4, 2019. A new annualized dividend of $3.66 per share yields 5.1% at a stock price of $71.55.
ONEOK, Inc. is an energy midstream service provider and owns one of the premier natural gas liquids (NGL) systems in the United States. The company connects 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.