ONEOK Announces Increase in Quarterly Dividend

Directors at ONEOK, Inc. declared on Wednesday a quarterly increase of its dividend of 2.5 cents a share or 3 percent compared with its prior dividend, bumping the dividend to 77 cents a share.

It resulted in an annualized dividend of $3.08 a share and will be payable Feb. 14, 2018 to shareholders of record at the close of business Jan. 29, 2018.

ONEOK expects approximately 90 to 95 percent of this dividend to be a return of capital.

As previously announced, ONEOK expects annual dividend growth of approximately 9 to 11 percent through 2021.

ONEOK has increased its dividend by 25 percent since the close of the ONEOK and ONEOK Partners merger transaction in June 2017.

Considered one of the largest energy midstream service providers in the U.S., ONEOK’s operations include a 38,000 mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities. The operations are in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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