Summary
ONEOK Inc. (OKE) has filed an 8-K report detailing key dividend and distribution announcements for both the parent company and its master limited partnership subsidiary, ONEOK Partners, L.P. The board of directors approved a cash dividend of $0.615 per common share for ONEOK Inc., scheduled for payment on November 13, 2015, to shareholders of record on November 2, 2015. In parallel, the board of directors for ONEOK Partners' general partner approved a cash distribution of $0.79 per unit for the third quarter of 2015, also payable on November 13, 2015, to unitholders of record on November 2, 2015. ONEOK Inc. holds a significant ownership stake in ONEOK Partners, which will result in a substantial portion of this distribution flowing back to the parent company.
Key Highlights
- 1ONEOK Inc. declared a cash dividend of $0.615 per common share.
- 2The dividend payment date is November 13, 2015.
- 3The record date for the dividend is November 2, 2015.
- 4ONEOK Partners, L.P. declared a cash distribution of $0.79 per unit for Q3 2015.
- 5ONEOK Partners' distribution payment date is November 13, 2015.
- 6The record date for ONEOK Partners' distribution is November 2, 2015.
- 7ONEOK Inc. owns a 41.2% interest in ONEOK Partners, L.P. as of September 30, 2015.