Summary
This 8-K filing from ONEOK, Inc. (OKE) on April 17, 2015, primarily announces the approval of cash dividends and distributions for both ONEOK, Inc. and its subsidiary, ONEOK Partners, L.P. The company's board of directors approved a quarterly cash dividend of $0.605 per share of common stock, with a payment date of May 15, 2015, for shareholders of record as of April 30, 2015. Additionally, the board of directors of ONEOK Partners' general partner approved a first-quarter 2015 cash distribution of $0.79 per unit for ONEOK Partners, L.P. unitholders, also payable on May 15, 2015, to unitholders of record as of April 30, 2015. These announcements are significant for investors as they signal consistent return of capital and provide clarity on upcoming payouts from both the parent company and its master limited partnership subsidiary.
Key Highlights
- 1ONEOK, Inc. declared a cash dividend of $0.605 per share of common stock.
- 2The dividend payment date is May 15, 2015.
- 3Shareholders of record as of April 30, 2015, will receive the dividend.
- 4ONEOK Partners, L.P. approved a cash distribution of $0.79 per unit for the first quarter of 2015.
- 5The first-quarter distribution for ONEOK Partners is also payable on May 15, 2015.
- 6Unitholders of record as of April 30, 2015, will receive the ONEOK Partners distribution.
- 7The filing includes news releases detailing these dividend and distribution approvals as exhibits.