ONEOK said its board of directors declared a quarterly common stock cash dividend of 99 cents per share on January 17, 2024. The increase is 3.7% from the prior quarter, and the annualized dividend is $3.96 per share.

1. 01

   ONEOK said its board of directors declared a quarterly common stock cash dividend of 99 cents per share on January 17, 2024. The increase is 3.7% from the prior quarter, and the annualized dividend is $3.96 per share.

2. 02

   The company said it will pay the dividend on February 14, 2024 to shareholders of record at the close of business on January 30, 2024.

3. 03

   The company said its board approved a program to repurchase up to $2.0 billion of its outstanding common stock. Shares may be bought in open-market or privately negotiated transactions. The program took effect immediately and will end upon completion of the $2.0 billion repurchase or on January 1, 2029, whichever comes first.

4. 04

   The company said it expects the combined total of dividends and share repurchases to move toward a target of about 75% to 85% of cash flow from operations after capital expenditures over the next 4 years. It also said it opportunistically repurchased about $300 million of face value of its outstanding notes at a discount during Q4 2023 and ended the year with about $340 million in cash on hand.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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