ONEOK Increases Quarterly Dividend By 7 Percent
20 Avril 2006 - 11:14PM
PR Newswire (US)
TULSA, Okla., April 20 /PRNewswire-FirstCall/ -- The board of
directors of ONEOK, Inc. (NYSE:OKE) today increased the quarterly
dividend by 7 percent to 30 cents per share of common stock,
payable May 15, 2006, to shareholders of record at the close of
business May 1, 2006. The previous dividend payment was 28 cents a
share. With this action, the company's annual dividend increases to
$1.20 from $1.12 per share of common stock. "We are pleased that
our earnings and resulting strong cash flow enable us to provide an
improved return to our shareholders in the form of dividends. Our
goal is to ensure that our yield remains competitive," said David
Kyle, ONEOK chairman, president and chief executive officer. "This
increase is the eighth time since January 2003 we have raised the
dividend, representing a 94 percent increase during that period."
ONEOK, Inc. is a diversified energy company. We are the general
partner and own 45.7 percent of Northern Border Partners, L.P.
(NYSE:NBP), one of the largest publicly-traded 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 much of the natural gas and NGL supply in the
mid-continent with key market centers. ONEOK is among the largest
natural gas distributors in the United States, serving more than 2
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:
http://www.oneok.com/ . Some of the statements contained and
incorporated in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements relate to: anticipated
financial performance; management's plans and objectives for future
operations; business prospects; outcome of regulatory and legal
proceedings; market conditions and other matters. The Private
Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking statements in certain circumstances. Analyst
Contact: Dan Harrison 918-588-7950 Media Contact: Megan Washbourne
918-588-7572 DATASOURCE: ONEOK, Inc. CONTACT: analysts, Dan
Harrison, +1-918-588-7950, or media, Megan Washbourne,
+1-918-588-7572, both of ONEOK, Inc. Web site:
http://www.oneok.com/
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