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ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Apr 19, 2024)

Reports
Regulation FD·Other Events·Exhibits & Filings
Filing Date
Filed April 19, 2024
Period End
April 18, 2024
Security
OKE
In the record · 2016–202610-K1110-Q328-K365

OKE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 365 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jul ’17Jul ’17
  2. Leadership change8-K · Feb ’19Feb ’19
  3. Material agreement8-K · Jun ’22Jun ’22
  4. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed April 19, 2024. Cited figures are marked; the original filing is the authoritative source.

ONEOK, Inc. (NYSE: OKE) announced on April 18, 2024 that its board of directors declared a quarterly common stock dividend of $0.99a per share, unchanged from the prior quarter.

This equates to an annualized dividend of $3.96b per share. The dividend is payable May 15, 2024, to shareholders of record at the close of business on May 1, 2024. For investors, the filing is a routine capital return update rather than a material operational or financial event.

The flat dividend signals that management and the board are maintaining the current payout level rather than raising it, which is consistent with a stable, income-oriented midstream profile. The filing contains no disclosure of earnings, guidance changes, acquisitions, or balance sheet developments. The 8-K was furnished under Regulation FD and Item 8.01 rather than reporting a new material event.

Investors evaluating OKE should treat this as confirmation of the existing dividend policy. The key items to monitor are the sustainability of the payout relative to distributable cash flow, leverage metrics, and any forward commentary on dividend growth in future earnings releases, since the filing itself provides no such guidance.

02—Key points

Key Highlights

  1. Quarterly common stock dividend declared at $0.99 per share, unchanged from the previous quarter
  2. Annualized dividend of $3.96 per share based on the current quarterly rate
  3. Dividend payable May 15, 2024 to shareholders of record as of the close of business on May 1, 2024
  4. Dividend held flat, signaling maintenance of current payout rather than an increase
  5. Filing furnished under Items 7.01 and 8.01 with the news release attached as Exhibit 99.1, a routine disclosure without new material financial information
  6. Company described as a leading midstream operator with more than 50,000 miles of pipeline across gathering, processing, fractionation, transportation, and storage

03—Questions

Frequently Asked Questions

  1. How much is the dividend and how often is it paid?

    ONEOK declared a quarterly dividend of $0.99 per share, which annualizes to $3.96 per share. The dividend is paid quarterly.

  2. When will shareholders receive the dividend?

    The dividend is payable May 15, 2024, to shareholders of record at the close of business on May 1, 2024.

  3. Has the dividend changed from the prior quarter?

    No. The $0.99 quarterly dividend is unchanged from the previous quarter, so the company is maintaining its existing payout level.

  4. Does this filing include earnings or guidance information?

    No. The filing covers only the dividend declaration and standard forward-looking statement language. It does not include earnings results, financial guidance, or updates on operations or capital projects.

  5. What should investors watch for next regarding the dividend?

    Investors should monitor future earnings releases and filings for commentary on dividend coverage, distributable cash flow, leverage, and any indication of future dividend increases or changes to the payout policy.

04—Continue

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