Thursday, January 23rd the Board of Directors of ONEOK, Inc. (OKE) announced a quarterly dividend increase of from $0.99 to $1.03 per share that’s payable February 14, 2025 to holders of record February 3, 2025. This represents a 4.04% increase over the last quarterly dividend.
"With this latest dividend increase and recent share repurchases, we continue executing on our value-driven capital allocation strategy," said Pierce H. Norton II, ONEOK president and chief executive officer. "Our intentional and disciplined approach to growth has provided us with the financial flexibility to continue returning significant value to shareholders."
With current price $107.17 (today's open), this raise brings their dividend yield to 3.84%.
Since I own 70 shares of OKE, this will increase my portfolio's projected annual net dividend income by $8.34.
The increase was in line with my expectations and I am happy to accept it.
This is the thirteenth dividend increase I received from OKE since initiating a position July 2015. During this period, the dividend has grown according to my expectations from $0.603 to $1.03 or 70.8%
Following this increase, my yield on cost is 14.29%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long OKE
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