ONEOK Announces 8-percent Quarterly Dividend Increase to $0.56/Share from $0.52

The board of directors of ONEOK, Inc. OKE today increased the quarterly dividend to 56 cents per share of common stock from 52 cents per share, an 8 percent increase, effective for the second quarter 2011, payable Aug. 12, 2011, to shareholders of record at the close of business Aug. 1, 2011. "Increased distributions to ONEOK from ONEOK Partners as a result of the incremental earnings from the partnership's $2-billion capital-investment program completed in 2009 allow us to return value to our shareholders in the form of higher dividends," said John W. Gibson, ONEOK chairman, president and chief executive officer. "This increase is consistent with our 2011 financial guidance of increasing the dividend 4 cents per share semiannually and our ongoing commitment to deliver attractive returns to our shareholders."