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Wednesday, October 20, 2010

For Investors Only: ONEOK Increases Dividend; Now Paying 5.8%

Here's the link. I normally don't post these type of announcements but with all the ONEOK action in the Bakken, I felt it was appropriate to post this. You still have time to buy. Payable soon to unitholders of record on October 29, 2010.

With interest rates less than 1% and certificates of deposit not much better, I've never seen so many great dividend opportunities.

"Talking heads" get excited with 2 - 3% dividends; but it's easy to find 3 - 5% dividends, and among oil service companies, pipelines, regional telecoms, etc., one can do so much better.

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