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

ONEOK, Inc. (NYSE:OKE) declared a quarterly dividend on Wednesday, January 21st. Stockholders of record on Monday, February 2nd will be given a dividend of 1.07 per share by the utilities provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 3.9% increase from ONEOK’s previous quarterly dividend of $1.03.

ONEOK has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. ONEOK has a dividend payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect ONEOK to earn $5.95 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 69.2%.

ONEOK Price Performance

Shares of ONEOK stock opened at $75.83 on Thursday. The firm has a market cap of $47.72 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 4.16 and a beta of 0.94. The firm’s 50-day simple moving average is $72.79 and its 200-day simple moving average is $73.53. ONEOK has a twelve month low of $64.02 and a twelve month high of $110.62. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the business earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, research analysts expect that ONEOK will post 5.07 EPS for the current fiscal year.

ONEOK Company Profile

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.