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.