Summary
ONEOK, Inc. (OKE) filed an 8-K on April 18, 2014, primarily to disclose dividend and distribution announcements made on April 17, 2014. The company's board of directors approved a cash dividend of $0.56 per share for common stockholders. This dividend is scheduled to be paid on May 15, 2014, to shareholders of record as of April 30, 2014. Additionally, the filing provides details on a cash distribution approved by the general partner of ONEOK Partners, L.P. (a publicly traded partnership in which ONEOK holds a significant interest). ONEOK Partners will distribute $0.745 per unit for the first quarter of 2014, also payable on May 15, 2014, to unitholders of record as of April 30, 2014. ONEOK's financial results will be impacted by its ownership stake in ONEOK Partners, which was approximately 41.2% as of December 31, 2013.
Key Highlights
- 1ONEOK, Inc. declared a quarterly cash dividend of $0.56 per share of common stock.
- 2The dividend payment date is set for May 15, 2014.
- 3Shareholders of record on April 30, 2014, will receive this dividend.
- 4ONEOK Partners, L.P. approved a cash distribution of $0.745 per unit for Q1 2014.
- 5The ONEOK Partners distribution is also payable on May 15, 2014.
- 6Unitholders of record for ONEOK Partners on April 30, 2014, will receive the distribution.
- 7ONEOK's financial performance is influenced by its significant ~41.2% ownership in ONEOK Partners.