ONEOK Increasing Dividend

TULSA, Okla. (AP) -- ONEOK Incorporated increases its quarterly dividend by 7 percent to 32 cents per share of common stock.<br/><br/>The dividend will boost the company's annual dividend to $1.28

Thursday, July 20th 2006, 6:06 am

By: News On 6

TULSA, Okla. (AP) -- ONEOK Incorporated increases its quarterly dividend by 7 percent to 32 cents per share of common stock.

The dividend will boost the company's annual dividend to $1.28 from $1.20 per share of common stock. It's payable on August 14th to shareholders of record at the close of business July 31st.

ONEOK chairman and CEO David Kyle says continued strong business performance has increased cash flow and allowed the company to provide shareholders with higher dividends.

In April, the company raised its dividend to 30 cents per share from 28 cents a share. Since January 2003, the company has increased its dividend nine times, representing a 106 percent increase.