Oneok increases quarterly dividend 4% to $1.03 per share

Oneok (OKE) increased its quarterly dividend to $1.03 per share, an increase of 4%. This increase results in an annualized dividend of $4.12 per share. The dividend is payable Feb. 14 to shareholders of record at the close of business Feb. 3. To date, ONEOK has repurchased 1.675 million shares of its outstanding common stock for $171.7M with cash on hand. The repurchases are part of the company’s $2B share repurchase authorization, which it expects to largely utilize over the next three years.