Summary
This 8-K filing by ONEOK Inc. (OKE) on January 18, 2013, primarily announces key capital allocation decisions and distributions for both the parent company and its master limited partnership, ONEOK Partners, L.P. For ONEOK Inc. shareholders, the board approved a quarterly cash dividend of $0.36 per share, payable in February 2013. This indicates a continued commitment to returning capital to shareholders. Investors should note the timing for record and payment dates to ensure eligibility for the dividend.
Key Highlights
- 1ONEOK Inc. declared a quarterly cash dividend of $0.36 per common share, payable February 14, 2013.
- 2The record date for the ONEOK Inc. dividend is January 31, 2013.
- 3ONEOK Partners, L.P. approved a cash distribution of $0.71 per unit for the fourth quarter of 2012.
- 4The ONEOK Partners, L.P. distribution is also payable on February 14, 2013, to unitholders of record as of January 31, 2013.
- 5ONEOK Partners, L.P. announced plans to invest up to $500 million in additional growth projects.
- 6ONEOK Inc. holds a significant ownership interest (43.4%) in ONEOK Partners, L.P., including the general partner interest and incentive distribution rights.