Summary
ONEOK Inc. (OKE) filed an 8-K on October 27, 2011, to announce important dividend and distribution information for the third quarter of 2011. The company's board of directors approved a cash dividend of $0.56 per share for its common stockholders, scheduled to be paid on November 14, 2011, to shareholders of record on November 7, 2011. This filing provides transparency regarding capital returns to shareholders.
Key Highlights
- 1ONEOK, Inc. declared a cash dividend of $0.56 per share for the third quarter of 2011.
- 2The dividend payment date is November 14, 2011.
- 3Shareholders of record as of November 7, 2011, will receive the dividend.
- 4ONEOK Partners, L.P. announced a cash distribution of $0.595 per unit for the third quarter of 2011.
- 5ONEOK Partners distributions are also payable on November 14, 2011, to unitholders of record as of November 7, 2011.
- 6ONEOK Inc. holds a significant ownership interest (42.8%) in ONEOK Partners, L.P., including general partner interest and incentive distribution rights, and will receive its proportional share of the partner distribution.