Dividend Increase – ONEOK, Inc. (OKE)

Thursday, April 19 the Board of Directors of ONEOK, Inc. announced a quarterly dividend increase of from $ 0.77 to $ 0.795 per share that’s payable May 15, 2018 to holders of record April 30, 2018. This represents a 3.25% increase to regular quarterly dividends. With current price $ 59.54 (Friday's close), this raise brings their dividend yield to 5.34%.

ONEOK maintains its previously announced dividend guidance and 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

ONEOK has increased its dividend by 29 percent since the close of the ONEOK and ONEOK Partners merger transaction in June 2017. 

Since I own 50 shares of OKE, this will increase my portfolio's projected annual net dividend income by $ 3.73

That increase rises my YOC to 8.14%. 

This was the second rise of OKE's dividend in year 2018, the first one was in January.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long OKE

Thanks for stopping by!