Summary
ONEOK, Inc. (OKE) filed an 8-K on January 21, 2016, primarily to announce its board of directors' approval of a quarterly cash dividend. Shareholders can expect a dividend of 61.5 cents per share of common stock, payable on February 12, 2016, to those of record by February 1, 2016. This announcement signals continued commitment to returning capital to shareholders. In addition to the parent company dividend, the filing also disclosed that ONEOK Partners, L.P. (a subsidiary in which ONEOK, Inc. holds a significant interest) approved a cash distribution of 79 cents per unit for the fourth quarter of 2015. This distribution will also be paid on February 12, 2016, to unitholders of record as of February 1, 2016. ONEOK, Inc.'s portion of this distribution is tied to its approximately 41.2% ownership stake in ONEOK Partners.
Key Highlights
- 1ONEOK, Inc. declared a quarterly cash dividend of $0.615 per common share.
- 2The dividend payment date is February 12, 2016.
- 3The record date for the dividend is February 1, 2016.
- 4ONEOK Partners, L.P. declared a fourth-quarter 2015 cash distribution of $0.79 per unit.
- 5The ONEOK Partners distribution payment date is February 12, 2016.
- 6The record date for the ONEOK Partners distribution is February 1, 2016.
- 7ONEOK, Inc. has a 41.2% ownership interest in ONEOK Partners, L.P.