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.