What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to publicly disclose the approval of ONEOK's quarterly dividend by its Board of Directors and to provide details regarding its payment.

What is the amount of the quarterly dividend and its annualized value?

The quarterly dividend is $0.935 per share, which amounts to an annualized dividend of $3.74 per share.

When will the dividend be paid, and who is eligible to receive it?

The dividend is payable on February 14, 2020, to shareholders who are of record at the close of business on January 27, 2020.

Is this dividend payment a positive sign for ONEOK investors?

Yes, the declaration and approval of a consistent or increased dividend typically signals management's confidence in the company's ongoing profitability and its ability to generate sufficient cash flow to reward shareholders.

OKE 8-K: Regulation FD — Jan 16, 2020

Summary

ONEOK Inc. (OKE) filed an 8-K on January 15, 2020, primarily announcing the approval of its quarterly dividend by its board of directors. The approved dividend is set at 93.5 cents per share, which annualizes to $3.74 per share. This action signals continued commitment to returning capital to shareholders and reflects confidence in the company's financial stability and future prospects.

Key Highlights

1Board of Directors approved a quarterly cash dividend of $0.935 per share.
2The annualized dividend rate is $3.74 per share.
3The dividend is payable on February 14, 2020.
4Shareholders of record as of January 27, 2020, will receive the dividend.
5This announcement falls under Regulation FD Disclosure, ensuring all investors receive the information simultaneously.
6The news release detailing the dividend is attached as Exhibit 99.1.

ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Jan 16, 2020)

Summary

Key Highlights

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