ONEOK to increase quarterly dividends by 1.5c per share in 2014

theflyonthewall.com

ONEOK plans to increase subsequent dividends by 1.5c per share per quarter in 2014, subject to board approval. ONEOK also has estimated an average annual dividend increase of 20%-25% between 2013 and 2016, which includes the planned increase in 2014 and 10% annual increases in 2015 and 2016, while maintaining a long-term dividend coverage ratio of approximately 1.05 times, subject to board approval.

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