Summary
ONEOK Inc. (OKE) filed an 8-K on July 25, 2019, primarily to announce a material update regarding its dividend policy. The company's Board of Directors has approved a quarterly cash dividend of $0.89 per share, which annualizes to $3.56 per share. This announcement is significant for income-focused investors as it signals continued confidence in the company's financial performance and commitment to returning capital to shareholders.
Key Highlights
- 1ONEOK Inc. announced an approved quarterly cash dividend of $0.89 per share.
- 2The annualized dividend per share is $3.56.
- 3The dividend payment date is August 14, 2019.
- 4The record date for the dividend is August 6, 2019.
- 5This disclosure is made under Regulation FD.
- 6The information was disseminated via a news release dated July 24, 2019.
Frequently Asked Questions
ONEOK announced that its Board of Directors approved a quarterly cash dividend of $0.89 per share.
The approved quarterly dividend of $0.89 per share results in an annualized dividend of $3.56 per share.
The dividend is payable on August 14, 2019, to shareholders of record as of the close of business on August 6, 2019.
This filing is important for investors, particularly income-focused ones, as it confirms the company's commitment to returning capital through dividends and signals stability in its financial outlook.