Summary
ONEOK Inc. (OKE) filed an 8-K on October 26, 2017, primarily announcing its board of directors' approval of a quarterly cash dividend. This dividend of 74.5 cents per share translates to an annualized dividend of $2.98 per share, reflecting the company's commitment to returning capital to its shareholders. This information was disseminated via a press release filed as an exhibit to the 8-K. The dividend is scheduled to be paid on November 14, 2017, to shareholders of record as of November 6, 2017. For investors, this filing signals a consistent dividend policy from ONEOK. The declaration of a regular quarterly dividend, particularly at an annualized rate of $2.98 per share, provides clarity on income expectations for shareholders. While this specific filing doesn't contain material financial performance updates or strategic shifts, it reinforces the company's ongoing dividend payout, which is a key consideration for income-focused investors.
Key Highlights
- 1ONEOK's Board of Directors approved a quarterly cash dividend of $0.745 per share.
- 2The approved dividend results in an annualized dividend of $2.98 per share.
- 3The dividend payment date is November 14, 2017.
- 4Shareholders of record as of November 6, 2017, will receive the dividend.
- 5The announcement was made via a press release filed as an exhibit (Exhibit 99.1).
- 6This filing falls under Regulation FD disclosure (Item 7.01) and Other Events (Item 8.01).