Summary
ONEOK, Inc. (OKE) filed an 8-K on April 18, 2013, primarily to announce key dates and distributions related to its first quarter 2013 financial results. The company and its master limited partnership, ONEOK Partners, L.P., scheduled their Q1 2013 earnings release for April 30, 2013, with a follow-up conference call and webcast set for May 1, 2013. This provides investors with advance notice to prepare for the upcoming financial disclosures and management discussions. Furthermore, the filing confirmed the approval of cash dividends and distributions. ONEOK, Inc.'s board authorized a quarterly cash dividend of $0.36 per share, payable on May 15, 2013, to shareholders of record as of April 30, 2013. Concurrently, the board of ONEOK Partners' general partner approved a cash distribution of $0.715 per unit for the first quarter of 2013, also payable on May 15, 2013, to unitholders of record as of April 30, 2013. These declarations signal a consistent return of capital to shareholders and unitholders.
Key Highlights
- 1ONEOK, Inc. and ONEOK Partners, L.P. announced Q1 2013 earnings release date of April 30, 2013.
- 2A joint conference call and webcast for Q1 2013 results is scheduled for May 1, 2013.
- 3ONEOK, Inc. declared a quarterly cash dividend of $0.36 per common share.
- 4The dividend payment date is May 15, 2013, with a record date of April 30, 2013.
- 5ONEOK Partners, L.P. approved a quarterly cash distribution of $0.715 per unit.
- 6The Q1 2013 ONEOK Partners distribution is payable on May 15, 2013, to unitholders of record as of April 30, 2013.
- 7The filing incorporates by reference news releases detailing the earnings call, dividend, and distribution.