Summary
ONEOK, Inc. (OKE) has filed a Form 8-K to announce a positive development for its shareholders. The company's Board of Directors has approved an increase in the quarterly dividend for its common stock. This move signals management's confidence in the company's financial health and its ability to generate sufficient cash flow to reward investors. The new quarterly dividend will be 18 cents per share, an increase of one cent from the previous rate. This dividend is scheduled to be paid on November 14, 2003, to shareholders recorded on October 31, 2003. Investors should note this increase as it directly impacts the income they can expect from their OKE holdings.
Key Highlights
- 1ONEOK, Inc. announced an increase in its quarterly common stock dividend.
- 2The quarterly dividend will be raised by one cent to 18 cents per share.
- 3The dividend increase reflects confidence in the company's financial performance and cash flow generation.
- 4The ex-dividend record date is October 31, 2003.
- 5The payment date for the increased dividend is November 14, 2003.
- 6This announcement is made via a press release filed as an exhibit to the 8-K.
- 7No significant financial statements or pro forma information were included in this filing.