01—Abstract
Summary
Summary of the 8-K filed July 18, 2024. Cited figures are marked; the original filing is the authoritative source.
ONEOK, Inc. (NYSE: OKE) announced on July 17, 2024 that its board of directors declared a quarterly common stock dividend of 99 cents per share, unchanged from the prior quarter.
This equates to an annualized dividend of $3.96a per share. The filing is a routine Regulation FD and Other Events disclosure furnished under Items 7.01 and 8.01, with the press release attached as Exhibit 99.1. For investors, the key takeaway is the maintained dividend rather than an increase.
Holding the payout flat signals that the board is comfortable with current cash flow coverage and is not prioritizing dividend growth at this time. Income-focused shareholders can plan on steady quarterly distributions, with the next payment of $0.99b per share payable August 14, 2024, to holders of record as of August 1, 2024.
The filing contains no new financial results, guidance changes, or material operational developments. Investors seeking a view on ONEOK's fundamentals should instead refer to its most recent Form 10-K and quarterly reports, particularly regarding leverage, NGL and natural gas volume trends, and capital allocation.
02—Key points
Key Highlights
- Quarterly common stock dividend declared at $0.99 per share, unchanged from the previous quarter.
- Annualized dividend of $3.96 per share, based on four quarterly payments at the current rate.
- Dividend payable August 14, 2024, to shareholders of record at the close of business on August 1, 2024.
- No increase in the dividend, indicating a flat payout policy for this quarter.
- Filing is a Regulation FD disclosure furnished under Items 7.01 and 8.01; not deemed filed under Section 18 of the Exchange Act.
- Press release (Exhibit 99.1) contains no new financial results, earnings data, or updated guidance.
- Analyst contact listed as Megan Patterson; media contact as Brad Borror.
03—Questions
Frequently Asked Questions
How much is the dividend and when will it be paid?
ONEOK's board declared a quarterly dividend of 99 cents per share, payable August 14, 2024, to shareholders of record at the close of business on August 1, 2024.
Did ONEOK increase its dividend?
No. The quarterly dividend of $0.99 per share is unchanged from the prior quarter, resulting in an annualized rate of $3.96 per share.
What is the annualized dividend yield implication for shareholders?
The annualized dividend is $3.96 per share. Shareholders can compare this figure against the current share price to calculate the yield, which will vary with market price movements.
Does this filing include new financial results or guidance?
No. The filing only announces the dividend declaration. It contains no new earnings, financial results, or changes to guidance. Investors should review ONEOK's most recent Form 10-K and quarterly reports for financial performance details.
Is the information in this filing considered filed for liability purposes?
No. The information under Items 7.01 and 8.01, including Exhibit 99.1, is furnished rather than filed, so it is not subject to Section 18 liabilities or incorporated by reference into Securities Act or Exchange Act filings unless specifically referenced.
04—Continue