ONEOK, Inc. (OKE) just declared $0.745 quarterly dividend. This is an increase of 21.1% from $0.615.
I own 45 shares, so this will increase my annual dividend income by $23.4 to $3,918.58
I am very very happy with my holding of OKE and do not plan to add more shares anytime soon unless there is a big drop in price. I have been doing very well with this holding as I am up 72.28%.
I am very very happy with this dividend increase as well! When can you say that you received a 21.1% pay increase from work? This is why I love dividend growth investing. Last year they did not increase the dividend and the year before it was only a 1.7% increase, so this increase is very much a happy surprise to me.
I find the stock to be slightly overvalued and I would recommend a Hold.
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Do you own OKE? Happy about the dividend increase?
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