Summary
ONEOK Inc. (OKE) filed an 8-K on October 20, 2016, primarily announcing dividend and distribution approvals. The company's Board of Directors approved a cash dividend of $0.615 per share for common stockholders, payable on November 14, 2016, to shareholders of record on October 31, 2016. This indicates continued commitment to returning capital to shareholders. In parallel, ONEOK Partners, L.P. (a subsidiary in which ONEOK Inc. has a significant ownership stake) approved a cash distribution of $0.79 per unit for the third quarter of 2016, also payable on November 14, 2016, to unitholders of record on October 31, 2016. These announcements provide important clarity on upcoming income streams for both ONEOK Inc. shareholders and ONEOK Partners unitholders.
Key Highlights
- 1ONEOK Inc. declared a quarterly cash dividend of $0.615 per share for common stockholders.
- 2The dividend payment date is November 14, 2016.
- 3The record date for the dividend is October 31, 2016.
- 4ONEOK Partners, L.P. approved a third-quarter cash distribution of $0.79 per unit.
- 5The distribution for ONEOK Partners is also payable on November 14, 2016.
- 6The record date for the ONEOK Partners distribution is October 31, 2016.
- 7The filing includes attached press releases detailing these dividend and distribution approvals.