Summary
This 8-K filing by ONEOK, Inc. (OKE) primarily serves to disclose important dividend and distribution information and to reference news releases concerning financial guidance for the full year 2011. The company announced its board of directors approved a cash dividend of $0.61 per share for the fourth quarter of 2011, payable on February 14, 2012. Furthermore, the filing highlights that ONEOK Partners, L.P. (OKE's master limited partnership) also approved a cash distribution of $0.61 per unit for the fourth quarter of 2011, payable on the same date. ONEOK, Inc. holds a significant ownership stake in ONEOK Partners, L.P., and will receive its proportional share of this distribution. The filing also references the release of 2011 earnings guidance for both entities, indicating a focus on financial performance and shareholder returns.
Key Highlights
- 1ONEOK, Inc. declared a fourth-quarter 2011 cash dividend of $0.61 per common share.
- 2The dividend payment date is February 14, 2012, with a record date of January 31, 2012.
- 3ONEOK Partners, L.P. approved a fourth-quarter 2011 cash distribution of $0.61 per unit.
- 4ONEOK Partners, L.P. distributions are also payable on February 14, 2012, to unitholders of record as of January 31, 2012.
- 5ONEOK, Inc. holds an approximate 42.8% ownership interest in ONEOK Partners, L.P.
- 6The company referenced the release of 2011 earnings guidance for both ONEOK, Inc. and ONEOK Partners, L.P.
- 7The filing incorporates by reference three news releases detailing these announcements.