| Exhibit 99.1 |
[ONEOK Logo] | News |
January 17, 2008 | Analyst Contact: Dan Harrison |
| 918-588-7950 Media Contact: Megan Washbourne 918-588-7572 |
ONEOK Increases Quarterly Dividend;
Sets Annual Meeting Date
TULSA, Okla. - Jan. 17, 2008 - The board of directors of ONEOK, Inc. (NYSE: OKE)
has raised the company's quarterly dividend to 38 cents per share from 36 cents per share of
common stock, payable Feb. 14, 2008, to shareholders of record at the close of business Jan. 31,
2008.
"Our strong financial performance and cash flow enable us to continue to increase our
dividend and provide our shareholders with attractive returns in the form of dividends," said
John W. Gibson, ONEOK chief executive officer. "This increase is consistent with our objective
to pay out between 50 and 55 percent of our recurring earnings in the form of dividends."
Since January 2003, the company has increased its dividend 12 times, representing a 145
percent increase during that period.
The board also set May 15, 2008, as the date for the company's annual meeting of
shareholders. The meeting will be held at 10 a.m. Central Daylight Time at the company's
headquarters in Tulsa, Okla. The record date for the meeting is March 18, 2008.
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ONEOK, Inc. (NYSE: OKE) is a diversified energy company. We are the general partner and own 45.7 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: www.oneok.com. OKE-FD
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.
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