ONEOK, Inc. (NYSE:OKE) to Issue Quarterly Dividend of $1.07

ONEOK, Inc. (NYSE:OKE) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Monday, August 3rd will be paid a dividend of 1.07 per share by the utilities provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 3rd.

ONEOK has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. ONEOK has a dividend payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ONEOK to earn $6.07 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 70.5%.

ONEOK Trading Down 0.9%

ONEOK stock opened at $91.04 on Thursday. The company has a 50 day moving average price of $88.87 and a 200 day moving average price of $85.10. ONEOK has a 52 week low of $64.02 and a 52 week high of $96.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market capitalization of $57.37 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 6.87 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period last year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts forecast that ONEOK will post 5.72 EPS for the current year.

About ONEOK

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.