TULSA, Okla., Oct. 19, 2016 /PRNewswire/ -- The board of
directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly
dividend of 61.5 cents per share,
effective for the third quarter 2016, resulting in an annualized
dividend of $2.46 per share. The
dividend is payable Nov. 14, 2016, to
shareholders of record at the close of business Oct. 31, 2016.
ONEOK has increased its dividend by 54 percent since becoming
the pure-play general partner of ONEOK Partners in February 2014.
ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is the general
partner and as of June 30, 2016, owns
41.2 percent of ONEOK Partners, L.P. (NYSE: OKS), one of the
largest publicly traded master limited partnerships, which owns one
of the nation's premier natural gas liquids (NGL) systems,
connecting NGL supply in the Mid-Continent, Permian and Rocky
Mountain regions with key market centers and is a leader in the
gathering, processing, storage and transportation of natural gas in
the U.S. ONEOK is a FORTUNE 500 company and is included in
Standard & Poor's (S&P) 500 Stock Index.
For information about ONEOK, Inc., visit the website:
www.oneok.com.
For the latest news about ONEOK, follow us on Twitter
@ONEOKNews.
Some of the statements contained and incorporated in this news
release are forward-looking statements as defined under federal
securities laws. The forward-looking statements relate to our
anticipated financial performance (including projected levels of
quarterly and annual dividends), liquidity, management's plans and
objectives for our growth projects and other future operations
(including plans to construct additional natural gas and natural
gas liquids pipelines and processing facilities), our business
prospects, the outcome of regulatory and legal proceedings, market
conditions and other matters. We make these forward-looking
statements in reliance on the safe harbor protections provided
under federal securities laws and other applicable laws.
Forward-looking statements include the items identified in the
preceding paragraph, the information concerning possible or assumed
future results of our operations and other statements contained or
incorporated in this news release identified by words such as
"anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," "should," "goal," "forecast," "guidance," "could,"
"may," "potential," "scheduled," and other words and terms of
similar meaning.
One should not place undue reliance on forward-looking
statements. Known and unknown risks, uncertainties and other
factors may cause our actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by forward-looking statements.
Those factors may affect our operations, markets, products,
services and prices. These and other risks are described in greater
detail in Item 1A, Risk Factors, in our most recent Annual Report
on Form 10-K and in the other filings that we make with the
Securities and Exchange Commission (SEC), which are available on
the SEC's website at www.sec.gov. All forward-looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these factors. Any such
forward-looking statement speaks only as of the date on which such
statement is made, and, other than as required under securities
laws, we undertake no obligation to update publicly any
forward-looking statement whether as a result of new information,
subsequent events or change in circumstances, expectations or
otherwise.
Analyst
Contact:
|
Megan
Patterson
|
|
918-561-5325
|
Media
Contact:
|
Stephanie
Higgins
|
|
918-591-5026
|
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SOURCE ONEOK, Inc.