TULSA, Okla., Jan. 17, 2018 /PRNewswire/ -- The board of
directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK's
quarterly dividend 2.5 cents per
share, or 3 percent compared with its prior dividend, to
77 cents per share, resulting in an
annualized dividend of $3.08 per
share. The dividend is 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. Additional information regarding return of
capital distributions is available at ONEOK's investor relations
website, ir.oneok.com, under Stock Information.
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.
ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is one of the
largest energy midstream service providers in the U.S., connecting
prolific supply basins with key market centers. It owns and
operates one of the nation's premier natural gas liquids (NGL)
systems and is a leader in the gathering, processing, storage and
transportation of natural gas. ONEOK's operations include a
38,000-mile integrated network of NGL and natural gas pipelines,
processing plants, fractionators and storage facilities in the
Mid-Continent, Williston, Permian and Rocky Mountain regions.
ONEOK is a FORTUNE 500 company and is included in Standard &
Poor's (S&P) 500 index.
For information about ONEOK, Inc., visit the website:
www.oneok.com.
For the latest news about ONEOK, find us on LinkedIn, Facebook
or Twitter @ONEOKNews.
The foregoing discussion of the tax treatment of the dividend is
not intended as tax advice. Each shareholder is strongly encouraged
to consult a financial and tax advisor regarding the appropriate
treatment of the dividend and the corresponding tax
consequences.
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), tax characterization of our
quarterly 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:
|
Brad
Borror
|
|
918-588-7582
|
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SOURCE ONEOK, Inc.