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Wednesday, April 15, 2009

ONEOK Partners (OKS) Declares $1.08 Quarterly Distribution Yielding 9.91%

The board of directors of the general partner of ONEOK Partners, L.P. (NYSE: OKS) has declared a quarterly cash distribution of $1.08 per unit, effective for the first quarter 2009, resulting in an annualized cash distribution of $4.32 per unit. The distribution is payable May 15, 2009, to unitholders of record as of April 30, 2009.

The distribution is unchanged from the fourth quarter 2008.

ONEOK Partners has increased its distribution 35 percent since April 2006, when a subsidiary of ONEOK, Inc. became general partner.

ONEOK Partners, L.P. (NYSE: OKS) is one of the largest publicly traded master limited partnerships, and 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 NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. Its general partner is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), a diversified energy company, which owns 47.7 percent of the overall partnership interest. ONEOK is one of the largest natural gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S.

For more information about ONEOK Partners, L.P., visit the Web site:

This is a master limited partnership which mails a k-1 form at the end of the year and should be held in a taxable account to get full benefit. I do not own this stock and do not own k-1 stocks in my roth ira.

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