Business News

ONEOK Increases Quarterly Dividend

2008-07-17 15:05:00

    TULSA, Okla., July 17 /EMWNews/ -- The board of directors

of ONEOK, Inc. (NYSE: OKE) has raised the company's quarterly dividend to

40 cents per share from 38 cents per share of common stock, payable Aug.

14, 2008, to shareholders of record at the close of business July 31, 2008.

    "This dividend increase, our second this year, reflects our continued

strong financial performance and commitment to create value for

shareholders in the form of dividends," said John W. Gibson, ONEOK chief

executive officer.

    In January 2008, ONEOK raised its dividend to 38 cents per share from

36 cents a share. Since January 2003, the company has increased its

dividend 13 times, representing a 258 percent increase during that period.

    ONEOK, Inc. (NYSE: OKE) is a diversified energy company. We are the

general partner and own 47.7 percent of ONEOK Partners, L.P. (NYSE: OKS),

one of the largest publicly traded limited partnerships, which is a leader

in the gathering, processing, storage and transportation of natural gas in

the U.S. and owns one of the nation's premier natural gas liquids (NGL)

systems, connecting much of the natural gas and NGL supply in the

Mid-Continent with key market centers. ONEOK is among the largest natural

gas distributors in the United States, serving more than 2 million

customers in Oklahoma, Kansas and Texas. Our energy services operation

focuses primarily on marketing natural gas and related services throughout

the U.S. ONEOK is a Fortune 500 company.

    For information about ONEOK, Inc. visit the Web site:

    Some of the statements contained and incorporated in this news release

are forward-looking statements within the meaning of the Private Securities

Litigation Reform Act of 1995. The forward-looking statements relate to

financial adjustments in connection with the accelerated share repurchase

program and other matters. The Private Securities Litigation Reform Act of

1995 provides a safe harbor for forward-looking statements in certain

circumstances. OKE-FD

Analyst Contact: Dan Harrison 918-588-7950 Media Contact: Megan Washbourne 918-588-7572

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