Summary
ONEOK Inc. (OKE) announced on October 24, 2012, the approval of its quarterly dividend for common stockholders, set at $0.33 per share. This dividend is scheduled to be paid on November 14, 2012, to shareholders recorded by the close of business on November 5, 2012. This action reflects the company's ongoing commitment to returning value to its shareholders through regular dividend payments. Additionally, a key announcement was made regarding ONEOK Partners, L.P., a subsidiary in which ONEOK Inc. holds a significant stake. The board of directors of ONEOK Partners' general partner approved a cash distribution of $0.685 per unit for the third quarter of 2012. This distribution will also be paid on November 14, 2012, to unitholders of record as of November 5, 2012. ONEOK Inc.'s substantial ownership interest, representing approximately 43.4% of ONEOK Partners, L.P., means it will receive a material portion of this distribution, directly impacting its financial results.
Key Highlights
- 1ONEOK Inc. declared a quarterly dividend of $0.33 per share for common stockholders.
- 2The dividend payment date is November 14, 2012.
- 3The record date for dividend eligibility is November 5, 2012.
- 4ONEOK Partners, L.P. declared a quarterly cash distribution of $0.685 per unit for Q3 2012.
- 5The distribution for ONEOK Partners, L.P. units is also payable on November 14, 2012.
- 6ONEOK Inc. has a significant ownership interest (43.4%) in ONEOK Partners, L.P., which includes common and Class B limited partner units and the general partner interest.
- 7The company provided details on dividend and distribution payment and record dates, offering clarity for investors.