Summary
This 8-K filing by ONEOK, Inc. (OKE) on October 24, 2013, primarily announces dividend and distribution approvals made on October 23, 2013. For ONEOK, Inc. shareholders, the board approved a cash dividend of $0.38 per share. For investors in ONEOK Partners, L.P. (a subsidiary), the general partner's board approved a cash distribution of $0.725 per unit for the third quarter of 2013. These financial actions are significant for income-focused investors, indicating continued returns to shareholders and unitholders. The filing also clarifies that the information is provided under Regulation FD and is furnished, not filed, with the SEC, meaning it does not carry the same liability as a formally filed document but serves to disseminate material information to the public. ONEOK, Inc.'s substantial ownership in ONEOK Partners, L.P. ensures that a portion of the partnership's distributions directly benefits the parent company.
Key Highlights
- 1ONEOK, Inc. (OKE) declared a cash dividend of $0.38 per common share, approved on October 23, 2013.
- 2ONEOK Partners, L.P. approved a cash distribution of $0.725 per unit for the third quarter of 2013.
- 3Both the dividend and distribution are scheduled to be paid on November 14, 2013.
- 4Record dates for the dividend and distribution are November 4, 2013.
- 5ONEOK, Inc. holds a significant ownership stake (approximately 41.3%) in ONEOK Partners, L.P., including common and Class B limited partner units and the general partner interest.
- 6The filing includes news releases as exhibits detailing the dividend and distribution announcements.
- 7Information is furnished under Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.