ONEOK's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
ONEOK (NYSE:OKE) has announced that shareholders owning the stock before the ex-dividend date on Monday will be eligible for a quarterly dividend payout of 99 cents per share. The stock is expected to open 99 cents lower on the ex-dividend date to reflect the payout. The dividend will be paid on February 14, 2024. Friday is the last chance for investors to buy the stock and receive the dividend.
January 24, 2024 | 2:45 pm
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ONEOK's stock is expected to open lower by the amount of the dividend (99 cents) on the ex-dividend date. Investors who purchase the stock by Friday will be eligible for the dividend payout on February 14, 2024.
The stock price of ONEOK is likely to decrease in the short term by the dividend amount on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence and is typically priced in by the market. The importance is significant for dividend investors and those looking to acquire the stock before the dividend payout.
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