ONEOK Increases Dividend

According to a press release: the board of directors of ONEOK, Inc. today increased the quarterly dividend 3 cents per share, or 9 percent, to 36 cents per share from 33 cents per share, effective for the fourth quarter 2012, payable Feb. 14, 2013, to shareholders of record at the close of business Jan. 31, 2013.

According to one reader who sent me this note, historically, OKS will follow with a similar announcement.

Looking at the chart/history of OKE, dividend increases are fairly frequent and irregular. I only began to follow ONEOK after they started operations in the Bakken.