01—Abstract
Summary
Summary of the 8-K filed April 25, 2025. Cited figures are marked; the original filing is the authoritative source.
ONEOK, Inc. (NYSE: OKE) filed a Form 8-K on April 25, 2025 to furnish a Regulation FD disclosure announcing that its board of directors declared a quarterly common stock dividend of $1.03a per share, unchanged from the prior quarter.
This equates to an annualized dividend of $4.12b per share. The dividend is payable May 15, 2025, to shareholders of record at the close of business on May 5, 2025. The filing is a routine capital-return announcement rather than a material event.
It contains no new financial results, guidance changes, transactions, or executive changes. The flat dividend signals that management and the board are maintaining the existing payout level instead of raising it, which is consistent with a conservative approach to capital allocation for a midstream operator. For income-focused investors, the key takeaway is the continuity of the distribution.
Investors should note that the filing itself provides no detail on coverage ratios, free cash flow, or leverage, so assessing dividend sustainability requires referring to ONEOK's most recent earnings release and Form 10-K. The forward-looking statements in the press release also caution that actual results may differ materially from expectations, as is standard for the sector.
02—Key points
Key Highlights
- Quarterly common dividend declared at $1.03 per share, unchanged from the previous quarter
- Annualized dividend of $4.12 per share
- Payable May 15, 2025, to shareholders of record as of the close of business May 5, 2025
- Announcement furnished under Regulation FD (Item 7.01) and also reported under Item 8.01, so it is not deemed filed for Section 18 purposes
- No new financial results, guidance changes, or material transactions disclosed in this filing
- ONEOK describes itself as a leading midstream operator with an approximately 60,000-mile pipeline network spanning gathering, processing, fractionation, transportation, storage, and marine export services
03—Questions
Frequently Asked Questions
How much is the dividend and how often is it paid?
ONEOK's board declared a quarterly dividend of $1.03 per share, which is $4.12 per share on an annualized basis. The dividend is paid quarterly.
When will shareholders receive the dividend?
The dividend is payable on May 15, 2025, to shareholders of record at the close of business on May 5, 2025.
Did ONEOK change its dividend this quarter?
No. The $1.03 quarterly dividend is unchanged from the previous quarter, so the dividend was held flat rather than increased.
Does this filing reveal anything about ONEOK's financial performance?
No. The filing is limited to the dividend declaration. It does not include earnings, cash flow, guidance, or balance sheet information, which investors should look for in ONEOK's earnings releases and periodic reports.
Is the dividend at risk given the flat payout?
This filing does not address dividend coverage or sustainability. Investors should evaluate distributable cash flow, payout ratios, and leverage in ONEOK's Form 10-K and quarterly earnings materials, and review the risk factors the release references.
04—Continue