Summary
ONEOK Inc. (OKE) filed an 8-K on April 22, 2016, primarily to announce its board of directors' approval of a quarterly cash dividend for its common stockholders. The dividend, amounting to 61.5 cents per share, is scheduled to be paid on May 13, 2016, to shareholders of record as of May 2, 2016. This announcement signals continued commitment to returning value to shareholders through regular dividend payments. In addition to the ONEOK Inc. dividend, the filing also disclosed that the board of directors of ONEOK Partners, L.P. (a subsidiary in which ONEOK Inc. holds a significant stake) approved a cash distribution of 79 cents per unit for the first quarter of 2016. This distribution is also set to be paid on May 13, 2016, to unitholders of record as of May 2, 2016. ONEOK Inc. will receive its proportional share of this distribution based on its approximately 41.2% ownership interest in ONEOK Partners as of December 31, 2015.
Key Highlights
- 1ONEOK Inc. declared a quarterly cash dividend of $0.615 per common share.
- 2The dividend payment date is May 13, 2016.
- 3Record date for the ONEOK Inc. dividend is May 2, 2016.
- 4ONEOK Partners, L.P. declared a quarterly cash distribution of $0.79 per unit.
- 5The ONEOK Partners distribution payment date is May 13, 2016.
- 6Record date for the ONEOK Partners distribution is May 2, 2016.
- 7ONEOK Inc. owns approximately 41.2% of ONEOK Partners, L.P.