ONEOK, Inc. (NYSE:OKE) Plans $1.07 Quarterly Dividend

ONEOK, Inc. (NYSE:OKE) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, May 4th will be paid a dividend of 1.07 per share by the utilities provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, May 4th.

ONEOK has raised its dividend by an average of 0.0%per year over the last three years and has increased 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. Analysts expect ONEOK to earn $6.19 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 69.1%.

ONEOK Stock Up 1.4%

ONEOK stock opened at $87.29 on Friday. The company has a 50 day moving average of $86.80 and a 200-day moving average of $77.67. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK has a twelve month low of $64.02 and a twelve month high of $95.30. The stock has a market capitalization of $54.99 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 6.38 and a beta of 0.84.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same quarter in the prior year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities research analysts anticipate that ONEOK will post 5.64 EPS for the current fiscal 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.