ONEOK raises dividend, approves $2 billion share repurchase plan By Investing.com

adminJanuary 20, 2024

4 Big Dividends This Week: ONEOK Raises Dividend and Approved $2 Billion Buyback Plan.

Investing.com — A pro roundup of the biggest dividend hike and buyback announcements you may have missed this week.

Are you looking to build your 2024 market betting portfolio? Join InvestingPro today and get access to AI-powered strategies that have outperformed the market 670% over the past 10 years.

ONEOK raised its dividend and announced a $2 billion share buyback plan.

Oneok (NYSE:) raised its quarterly dividend by 3.7% to $0.99 per share, or $3.96 annually, for an annualized return of 5.7%.

The dividend will be paid on February 14, 2024 to shareholders of record on January 17, 2024, with an ex-dividend date of January 30, 2024.

Additionally, the company’s board of directors approved a $2 billion share repurchase program.

Schlumberger raises dividend by 10%

Schlumberger (NYSE:) raised its quarterly dividend by 10% to $0.275 per share, or $1.1 per share, for an annualized return of 2.3%.

The dividend will be paid on April 4, 2024 to shareholders of record on February 7, 2024, with an ex-dividend date of February 6, 2024.

Two more dividend increases

Valero Energy (NYSE:) raised its quarterly dividend by 4.9% to $1.07 per share, or $4.28 annually, for an annualized return of 3.4%.

The dividend will be paid on March 4, 2024 to shareholders of record on February 1, 2024, with an ex-dividend date of January 31, 2024.

Penske Automotive Group (NYSE:) raised its quarterly dividend by 10.1% to $0.87 per share, or $3.48 per share, for an annualized return of 2.3%.

The dividend will be paid on March 1, 2024 to shareholders of record on February 15, 2024, with an ex-dividend date of February 14, 2024.

Take your investing game to the next level in 2024 with ProPicks

Institutions and billionaire investors around the world are already far ahead in AI-based investing and are extensively using, customizing and developing AI-based investments to increase profits and minimize losses.

Now InvestingPro users can do the same from the comfort of their own home with ProPicks, our new flagship AI-based stock screening tool.

With six strategies, including the flagship “Tech Titans” that have outperformed the market by 952% over the past decade, investors have the market’s top stock picks at their fingertips each month.

Subscribe here for up to 50% off as part of our year-end sale and never miss the bull market again!