Summary
This 8-K filing from ONEOK Inc. (OKE) primarily announces a routine corporate action: the approval of its quarterly dividend. On April 19, 2018, the company's board of directors declared a cash dividend of $0.795 per share of common stock. This translates to an annualized dividend of $3.18 per share, reflecting a consistent payout policy for shareholders. The dividend is scheduled to be paid on May 15, 2018, to shareholders of record as of the close of business on April 30, 2018. While this filing does not contain significant operational or financial updates, it is important for investors as it confirms the continuation of dividend payments, a key component of total shareholder return. Investors seeking income from their OKE investments can rely on this announcement for confirmation of the upcoming distribution and its yield. The filing also includes the press release as an exhibit for further details.
Key Highlights
- 1ONEOK Inc. (OKE) declared a quarterly cash dividend of $0.795 per share.
- 2The annualized dividend rate is $3.18 per share.
- 3The dividend was approved by the company's Board of Directors on April 19, 2018.
- 4The payment date for the dividend is May 15, 2018.
- 5Shareholders of record as of April 30, 2018, will receive the dividend.
- 6The filing confirms the continuation of the company's dividend payout policy.