Summary
This 8-K filing by ONEOK, Inc. (OKE) on April 23, 2007, primarily announces the declaration of its first-quarter dividend. The company declared a quarterly dividend of $0.34 per share of common stock, maintaining the same rate as the previous quarter. This dividend is scheduled to be paid on May 14, 2007, to shareholders who are on record by the close of business on April 30, 2007. The filing includes a press release from April 19, 2007, detailing this dividend announcement as Exhibit 99.1. Investors can interpret this as a sign of stable dividend policy and continued cash flow generation at the time of the filing.
Key Highlights
- 1ONEOK, Inc. declared a quarterly dividend of $0.34 per share of common stock.
- 2The dividend payment date is May 14, 2007.
- 3The record date for the dividend is April 30, 2007.
- 4The quarterly dividend amount remains unchanged from the previous quarter.
- 5The announcement was made on April 19, 2007.
- 6The filing was made on April 23, 2007.
- 7A press release dated April 19, 2007, is included as an exhibit.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce ONEOK, Inc.'s declaration of its quarterly dividend for the first quarter of 2007, as well as to provide details regarding the payment and record dates.
The quarterly dividend declared is $0.34 per share of common stock. The filing explicitly states that the quarterly dividend remains unchanged from the previous quarter, indicating no increase.
Shareholders will receive the dividend payment on May 14, 2007, provided they are shareholders of record by the close of business on April 30, 2007.
The record date of April 30, 2007, means that shareholders must own ONEOK, Inc. common stock by the end of this business day to be eligible to receive the declared dividend payment.