Oklahoma business briefs for Jan. 16, 2014

Oklahoma business briefs for Jan. 16, 2014
Published: January 16, 2014
Advertisement
;

OKLAHOMA BRIEFS

SandRidge plans dividend

SandRidge Energy Inc. will pay a semiannual dividend of $4.25 a share on its convertible perpetual preferred stock, the company announced Wednesday. SandRidge has 2.65 million shares of preferred stock outstanding. The dividend will be paid in cash Feb. 17.

ONEOK to increase dividend

ONEOK Inc. is increasing its quarterly dividend to 40 cents a share, the company said Wednesday. The dividend, which is up 5 percent, will be paid Feb. 18. “The completion of growth projects in our ONEOK Partners segment continues to benefit ONEOK in the form of higher cash distributions and allows us to continue to increase dividends to our shareholders,” CEO John W. Gibson said. ONEOK has said it expects to increase its quarterly dividend to 56 cents a share in April after the separation of its natural gas distribution business into ONE Gas Inc.

Tulsa organization gets $10M

The H.A. and Mary K. Chapman Charitable Foundations and George Kaiser Family Foundation announced a $10 million contribution to A Gathering Place for Tulsa. “We are excited to partner in constructing A Gathering Place for Tulsa,” said Jerry Dickman, co-trustee of the Chapman Foundations.

EARNINGS

EDUCATIONAL DEVELOPMENT CORP.

Educational Development Corp., which sells children's books, on Wednesday announced net earnings of $547,800 for the third quarter. That is up slightly from $525,700 in the same period of last year, despite the negative impact of one-time charges from prior years' for state franchise taxes.

From Staff Reports