ONEOK (OKE) Maintains $0.615 Quarterly Dividend; 10.9% Yield

ONEOK (NYSE: OKE) declared a quarterly dividend of $0.615 per share, or $2.46 annualized.

The dividend will be payable on February 12, 2016, to stockholders of record on January 21, 2016, with an ex-dividend date of January 19, 2016.

The annual yield on the dividend is 10.9 percent.

The dividend remains unchanged from the previous quarter and represents an increase of nearly 2 percent compared with the fourth quarter 2014.

"In line with our recently announced financial guidance, we're sustaining ONEOK's current dividend and underscoring our expectation to continue to do so throughout 2016," said Terry K. Spencer, president and chief executive officer of ONEOK. "Despite a challenging environment, we expect to maintain substantial excess dividend coverage in 2016 and remain in a position to provide value to shareholders while continuing to make prudent financial decisions."

For a dividend history and other dividend-related data on ONEOK (OKE) click here.

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