8-K/ARegulation FDOther EventsExhibits & Filings

ONEOK INC /NEW/ 8-K/A Report, Regulation FD Disclosure (Oct 31, 2011)

Filed October 31, 2011For Securities:OKE

Summary

This 8-K/A filing from ONEOK Inc. (OKE) primarily serves to furnish information regarding dividend and distribution approvals made on October 26, 2011. For ONEOK Inc. shareholders, the key takeaway is the approval of a third-quarter 2011 cash dividend of $0.56 per share, with a payment date of November 14, 2011, and a record date of November 7, 2011. This signals continued cash returns to shareholders from the company's operations. Furthermore, the filing details a related cash distribution approved for ONEOK Partners, L.P. (a company in which ONEOK Inc. holds a significant ownership interest) for the same quarter. This distribution of $0.595 per unit, also payable on November 14, 2011, to unitholders of record on November 7, 2011, is relevant to ONEOK Inc. investors due to their substantial stake. ONEOK Inc. owns approximately 84.8 million common and Class B limited partner units, along with the general partner interest, representing a 42.8% ownership in ONEOK Partners, L.P. The company's share of this distribution will contribute to its overall financial results.

Key Highlights

  • 1ONEOK Inc. Board approved a Q3 2011 cash dividend of $0.56 per share.
  • 2Dividend payment date set for November 14, 2011.
  • 3Record date for the dividend is November 7, 2011.
  • 4ONEOK Partners, L.P. approved a Q3 2011 cash distribution of $0.595 per unit.
  • 5ONEOK Partners distribution payment date is also November 14, 2011.
  • 6ONEOK Partners record date is November 7, 2011.
  • 7ONEOK Inc. holds a 42.8% ownership interest in ONEOK Partners, L.P.

Frequently Asked Questions

ONEOK Inc. declared a cash dividend of $0.56 per share of common stock for the quarter ended September 30, 2011.

The dividend is scheduled to be paid on November 14, 2011, to shareholders who are of record at the close of business on November 7, 2011.

ONEOK Inc. owns a significant stake (42.8%) in ONEOK Partners, L.P. Therefore, the cash distributions approved for ONEOK Partners directly contribute to ONEOK Inc.'s overall financial results and reflect positively on the performance of its subsidiary.

No, the information furnished under Item 7.01, including the news releases, is being provided for disclosure purposes and is not deemed 'filed' for purposes of Section 18 of the Exchange Act or incorporated by reference into other SEC filings, unless specifically stated.