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ONEOK Ups 2015 Earnings Guidance, Dividend Cash Flow
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ONEOK, Inc. announced that its 2015 cash flow available for dividends is expected to be in the range of $580 million to $660 million, reflecting higher anticipated cash distributions received from its general and limited partner interests in ONEOK Partners.
The 2015 earnings guidance also includes a 14 percent increase in shareholder dividends declared compared with 2014, including a projected 2.25-cent-per-share-per-quarter increase in dividends declared. Shareholder dividends declared are subject to board approval.
ONEOK also has estimated average annual dividend declared increases of 12 to 15 percent between 2014 and 2017.
Terry K. Spencer, president and chief executive officer of ONEOK, commented: "Our 2015 guidance reflects substantial, ongoing growth at ONEOK Partners. Since 2006…
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