General | Capital Markets | Capital Expenditure
ONEOK's 2014 Guidance a 53% Upswing from Cash Distributions
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ONEOK Inc. has reported that its 2014 cash flow available for dividends is expected to be in the range of $560 million to $640 million, reflecting higher anticipated cash distributions received from its general and limited partner interests in ONEOK Partners.
A Jan. 1, 2014, transaction effective date for the separation of the company's natural gas distribution segment into ONE Gas, Inc. has been assumed for 2014 guidance disclosure purposes, with the separation expected to be completed in the first quarter 2014.
The 2014 guidance also includes a projected 53 percent increase in ONEOK's 2014 dividend declared to $2.33 per share, compared with $1.52 per share declared for 2013, subject to board approval. On a dividend paid basis, the 2014 dividend is expected to be $2.125 per share paid…
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