8-KRegulation FDOther EventsExhibits & Filings

ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Jan 16, 2015)

Filed January 16, 2015For Securities:OKE

Summary

ONEOK Inc. (OKE) filed an 8-K on January 15, 2015, primarily to disclose dividend and distribution information. The company's Board of Directors approved a cash dividend of $0.605 per share of common stock, payable in February 2015. This indicates a regular return of capital to OKE shareholders, a key consideration for income-focused investors. Additionally, the filing details a cash distribution from ONEOK Partners, L.P. (a master limited partnership where ONEOK Inc. holds a significant ownership stake) for the fourth quarter of 2014. The distribution is $0.79 per unit, also payable in February 2015. As ONEOK Inc. owns approximately 38.3% of ONEOK Partners, these distributions represent a material source of income for the parent company. Investors should note that these announcements are made via Regulation FD disclosure, meaning they are furnished and not deemed 'filed' for certain legal liabilities.

Key Highlights

  • 1ONEOK, Inc. declared a quarterly cash dividend of $0.605 per common share.
  • 2The dividend is payable on February 13, 2015, to shareholders of record as of January 30, 2015.
  • 3ONEOK Partners, L.P. approved a fourth-quarter 2014 cash distribution of $0.79 per unit.
  • 4The ONEOK Partners distribution is payable on February 13, 2015, to unitholders of record as of January 30, 2015.
  • 5ONEOK, Inc. holds a 38.3% ownership interest in ONEOK Partners, L.P. (as of September 30, 2014), which includes common units, Class B units, and the general partner interest with incentive distribution rights.
  • 6The information was disclosed under Regulation FD and furnished rather than filed for certain purposes.

Frequently Asked Questions

ONEOK, Inc. declared a cash dividend of $0.605 per share of common stock. This dividend is scheduled to be paid on February 13, 2015, to shareholders who are on record as of the close of business on January 30, 2015.

The board of directors of ONEOK Partners' general partner approved a cash distribution of $0.79 per unit for the fourth quarter of 2014. This distribution is payable on February 13, 2015, to unitholders of record as of January 30, 2015.

ONEOK, Inc. owns approximately 38.3% of ONEOK Partners, L.P., which includes common and Class B limited partner units, as well as the general partner interest with incentive distribution rights. The distributions received from ONEOK Partners represent a significant component of ONEOK Inc.'s overall revenue and cash flow, directly impacting its profitability and ability to pay dividends to its own shareholders.

No, the information disclosed in Item 7.01 of this 8-K, including the exhibits, is furnished under Regulation FD. This means it is provided to the public but is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated by reference into other filings unless specifically stated.