The board of directors of ONEOK Inc. increased the quarterly dividend 2 cents per share, or 5% to 40 cents per share, payable Feb. 18, 2014, to shareholders of record at the close of business Feb. 10, 2014.

In December 2013, ONEOK indicated that it expects to increase its quarterly dividend to 56 cents per share in April 2014, following the separation of the company's natural gas distribution segment into ONE Gas Inc. This increase, subject to board approval, is 40% higher than the current quarterly dividend of 40 cents per share.