Summary
ONEOK Inc. (OKE) filed an 8-K report on July 25, 2018, primarily to announce a routine dividend declaration. The company's Board of Directors approved a quarterly cash dividend of 82.5 cents per share, which annualizes to $3.30 per share. This announcement is important for income-focused investors as it provides clarity on the company's commitment to returning capital to shareholders through regular dividend payments.
Key Highlights
- 1Board of Directors approved a quarterly cash dividend of 82.5 cents per share.
- 2The approved dividend results in an annualized dividend of $3.30 per share.
- 3The dividend payment date is August 14, 2018.
- 4Shareholders of record as of the close of business on August 6, 2018, will receive the dividend.
- 5The filing incorporates by reference a news release dated July 25, 2018, detailing the dividend approval.