Summary
This 8-K filing by ONEOK Inc. (OKE) on January 23, 2007, primarily announces a positive development for shareholders: an increase in the quarterly dividend for the fourth quarter of 2006. The company raised its dividend to 34 cents per share, up from the previous 32 cents per share, signaling confidence in its financial performance and commitment to returning value to its investors. This dividend is scheduled to be paid on February 15, 2007, to shareholders of record as of January 31, 2007. Additionally, the filing provides information regarding the company's upcoming annual shareholder meeting, which will be held on May 17, 2007, at ONEOK's headquarters in Tulsa, Oklahoma. The record date for this meeting has been set for March 19, 2007. Investors should note that the press release detailing the dividend increase is attached as an exhibit to this report.
Key Highlights
- 1ONEOK Inc. announced an increase in its fourth quarter 2006 common stock dividend to 34 cents per share.
- 2The previous quarterly dividend payment was 32 cents per share, indicating a 6.25% increase.
- 3The increased dividend is payable on February 15, 2007.
- 4Shareholders of record as of January 31, 2007, will receive the higher dividend.
- 5The company's Board of Directors has set May 17, 2007, as the date for the annual shareholder meeting.
- 6The annual shareholder meeting will be held at ONEOK's headquarters in Tulsa, Oklahoma.
- 7The record date for the annual shareholder meeting is March 19, 2007.