Summary
ONEOK, Inc. (OKE) filed an 8-K on January 16, 2004, reporting key decisions made by its Board of Directors on January 14, 2004. The most significant announcement for investors is the increase in the quarterly dividend to 19 cents per share, a one-cent per share hike, demonstrating a commitment to returning capital to shareholders. This dividend payment is scheduled for February 16, 2004, with a record date of January 30, 2004. In addition to the dividend increase, the company also announced the date and location for its 2004 annual meeting of shareholders. This meeting will take place at ONEOK's headquarters in Tulsa, Oklahoma, on Thursday, May 20, 2004, at 10 a.m. Central Standard Time. Investors should note that this filing does not include any acquired business financial statements or pro forma financial information, indicating no significant M&A activity impacting the financial statements as of this report.
Key Highlights
- 1ONEOK's Board of Directors declared a one-cent per share increase in the quarterly dividend.
- 2The new quarterly dividend rate is 19 cents per share of common stock.
- 3The increased dividend signifies a positive step in returning capital to shareholders.
- 4The dividend payment date is February 16, 2004.
- 5The record date for the dividend is January 30, 2004.
- 6The 2004 annual meeting of shareholders will be held on May 20, 2004, in Tulsa, Oklahoma.