TULSA, Okla., July 16 /PRNewswire-FirstCall/ -- The board of directors of
ONEOK, Inc. (NYSE: OKE) today increased the quarterly dividend to 42 cents per
share of common stock, effective for the second quarter 2009, payable Aug. 14,
2009, to shareholders of record at the close of business July 31, 2009. The
company paid a first-quarter dividend of 40 cents per share of common stock.
"Our strong cash flow allows us to continue to increase our dividend and
provide our shareholders with attractive returns in the form of dividends,"
said John W. Gibson, ONEOK chief executive officer.
Since January 2006, the company has increased the dividend seven times,
representing a 50 percent increase during that period.
ONEOK, Inc. (NYSE: OKE) is a diversified energy company. We are the
general partner and own 45.1 percent of ONEOK Partners, L.P. (NYSE: OKS), one
of the largest publicly traded master limited partnerships, which is a leader
in the gathering, processing, storage and transportation of natural gas in the
U.S. and owns one of the nation's premier natural gas liquids (NGL) systems,
connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key
market centers. ONEOK is among the largest natural gas distributors in the
United States, serving more than two million customers in Oklahoma, Kansas and
Texas. Our energy services operation focuses primarily on marketing natural
gas and related services throughout the U.S. ONEOK is a Fortune 500 company.
For information about ONEOK, Inc., visit the Web site: www.oneok.com.
Some of the statements contained and incorporated in this news release are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The forward-looking statements relate to
financial adjustments in connection with the accelerated share repurchase
program and other matters. The Private Securities Litigation Reform Act of
1995 provides a safe harbor for forward-looking statements in certain
circumstances.
OKE-FD
Analyst Contact: Dan Harrison
918-588-7950
Media Contact: Brad Borror
918-588-7582
SOURCE ONEOK, Inc.
-0- 07/16/2009
/CONTACT: Analyst, Dan Harrison, +1-918-588-7950, or Media, Brad Borror,
+1-918-588-7582, both of ONEOK, Inc./
/Web Site: http://www.oneok.com /
(OKE OKS)
CO: ONEOK, Inc.; ONEOK Partners, L.P.
ST: Oklahoma
IN: FIN OIL UTI
SU: DIV
PR
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4642 07/16/2009 16:10 EDT http://www.prnewswire.com