Summary
ONEOK Inc. (OKE) filed an 8-K report on January 21, 2021, primarily to announce its quarterly cash dividend. The Board of Directors declared a dividend of $0.935 per share of common stock, maintaining the quarterly rate from the previous period. This results in an annualized dividend of $3.74 per share, indicating continued commitment to returning capital to shareholders. The dividend is scheduled to be paid on February 12, 2021, to shareholders who are on record as of the close of business on February 1, 2021. This announcement provides clarity on the company's dividend policy and payout schedule for the upcoming period, which is a key consideration for income-focused investors.
Key Highlights
- 1ONEOK declared a quarterly cash dividend of $0.935 per share.
- 2The quarterly dividend is unchanged from the previous quarter.
- 3The annualized dividend rate is $3.74 per share.
- 4The dividend payment date is February 12, 2021.
- 5The record date for the dividend is February 1, 2021.
- 6The information was disclosed via a press release dated January 20, 2021.
Frequently Asked Questions
The primary purpose of this 8-K filing was to formally announce ONEOK's quarterly cash dividend declaration and provide the associated payment and record dates.
No, the quarterly cash dividend of $0.935 per share is unchanged from the previous quarter, maintaining an annualized rate of $3.74 per share.
The dividend will be paid on February 12, 2021, to shareholders of record as of the close of business on February 1, 2021.
The filing states an annualized dividend of $3.74 per share. To calculate the yield, you would need the stock price on or around the filing date. As an example, if the stock price was $50, the annualized yield would be approximately 7.48% ($3.74 / $50).