| Exhibit 99.1 |
[ONEOK Logo] | News |
July 17, 2008 | Analyst Contact: Dan Harrison |
| 918-588-7950 Media Contact: Megan Washbourne 918-588-7572 |
ONEOK Increases Quarterly Dividend
TULSA, Okla. - July 17, 2008 - The board of directors of ONEOK, Inc. (NYSE: OKE)
has raised the company's quarterly dividend to 40 cents per share from 38 cents per share of
common stock, payable Aug. 14, 2008, to shareholders of record at the close of business July 31,
2008.
"This dividend increase, our second this year, reflects our continued strong financial
performance and commitment to create value for shareholders in the form of dividends," said
John W. Gibson, ONEOK chief executive officer.
In January 2008, ONEOK raised its dividend to 38 cents per share from 36 cents a share.
Since January 2003, the company has increased its dividend 13 times, representing a 258 percent
increase during that period.
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ONEOK, Inc. (NYSE: OKE) is a diversified energy company. We are the general partner and own 47.7 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.
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.
OKE-FD
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