Summary
This 8-K filing from ONEOK, Inc. (OKE) primarily serves to disclose important dividend and distribution information to its shareholders and unitholders. On January 15, 2014, ONEOK's Board of Directors approved a cash dividend of $0.40 per share of common stock, scheduled to be paid on February 18, 2014, to shareholders of record as of February 10, 2014. Additionally, the filing details a cash distribution announcement from ONEOK Partners, L.P. (ONEOK Partners), in which ONEOK, Inc. holds a significant ownership stake. The Board of Directors of ONEOK Partners' general partner approved a cash distribution of $0.73 per unit for the fourth quarter of 2013. This distribution is payable on February 14, 2014, to unitholders of record as of January 31, 2014. ONEOK, Inc. benefits directly from this distribution due to its substantial ownership interest in ONEOK Partners.
Key Highlights
- 1ONEOK, Inc. declared a quarterly cash dividend of $0.40 per common share.
- 2The dividend payment date is set for February 18, 2014, with a record date of February 10, 2014.
- 3ONEOK Partners, L.P. approved a cash distribution of $0.73 per unit for Q4 2013.
- 4ONEOK Partners' distribution payment date is February 14, 2014, with a record date of January 31, 2014.
- 5ONEOK, Inc. owns approximately 41.2% of ONEOK Partners, L.P. as of December 31, 2013, including common and Class B units, and the general partner interest with incentive distribution rights.
- 6The company is disclosing these dividend and distribution details under Regulation FD.