| Stock Ticker | Home Page | Asset Class | Sector | Industry | Investment Strategy | Dividend Frequency | Geographic Focus |
|---|---|---|---|---|---|---|---|
| OKE | ONEOK, Inc. | Stock / Equity | Energy | Oil & Gas Midstream | Growth | Quarterly | United States |
ONEOK, Inc. (OKE) stands out as a compelling dividend stock for income-oriented investors seeking a reliable and growing income stream. Their midstream infrastructure network, transporting natural gas and natural gas liquids across the United States, provides predictable cash flows and a solid foundation for dividend payouts.
| Section | Information |
|---|---|
Overview: |
OKE is a leading North American midstream energy company specializing in owning, operating, and developing natural gas and natural gas liquids (NGL) infrastructure. They primarily transport, gather, and process natural gas and NGLs across long-distance pipelines, connecting producers with consumers. OKE boasts a significant market share in the midstream sector, particularly in the natural gas gathering and processing segments. Their mission emphasizes "creating enduring value for our shareholders" with core values of integrity, innovation, collaboration, accountability, and social responsibility. |
Business Model: |
OKE generates revenue primarily through three main channels:
|
Industry Competition: |
OKE faces competition from other midstream giants like Kinder Morgan and Enbridge, as well as alternative transportation methods like rail and trucks. |
Competitive Advantages: |
OKE boasts several key competitive advantages:
|
Management Team: |
OKE's executive team possesses extensive experience in the energy and
infrastructure sectors:
|
Financial Performance: |
OKE has demonstrated consistent financial performance:
|
Investment Thesis: |
OKE presents a compelling investment opportunity for:
|
Conclusion: |
OKE stands out as a strong midstream player with a diversified portfolio, reliable dividend payouts, and a proven management team. While risks like energy price fluctuations and industry competition exist, OKE's strengths and attractive dividend yield make it a valuable option for income-oriented investors with a moderate risk tolerance. |
| Section | Details |
|---|---|
OKE Dividend Data |
ONEOK, Inc. (OKE) has an annual dividend of $3.96 per share. The dividend is paid every three months. The last ex-dividend date was on February 14, 2024. |
OKE Dividend Yield |
The forward yield of OKE is 5.13%. This means that for every $100 invested in the company's stock, investors would receive $5.13 in dividends per year. |
OKE Dividend History |
ONEOK has a history of paying dividends, with the most recent payment being on January 29, 2024. |
OKE Dividend Payout & Dividend Payout Ratio |
ONEOK's dividend payout ratio is 71.35% based on the trailing year of earnings. This means that 71.35% of the company's earnings are paid out as dividends. |
OKE Dividend Stability & Growth |
ONEOK's dividends per share have been stable in the past 10 years. Since 2011, the dividend has gone from $1.04 to $3.74. This works out to be a compound annual growth rate (CAGR) of approximately 14% a year over that time. |
| ONEOK (OKE) | Suncor Energy (SU) | Williams Companies (WMB) | |
|---|---|---|---|
Industry Focus |
Midstream energy infrastructure | Oil and gas | Natural Gas Infrastructure |
Current Yield |
5.14% | 4.60% | 5.24% |
Price-to-Earnings Ratio (P/E) |
14.0 | 7.6746 | 14.08 |
Investment Strategy |
Primarily fee-based earnings with strategic gathering, processing, fractionation, and storage assets | Deliver industry-leading performance in safety, operational excellence, and reliability. Achieve a cost structure that provides financial resiliency in a $45 US WTI business environment. Decarbonize base business and capture new opportunities, achieving net zero GHG emissions by 2050. | Deliver reliable earnings, durable cash flow, and a healthy balance sheet. Disciplined, returns-based approach to capital allocation. Invest in high-return growth projects, emissions reduction projects, and renewables. |
When considering the attractiveness of ONEOK Inc.'s (OKE) dividend, it's important to look at the historical dividend data for ONEOK. The company has a history of consistent dividend payouts, with a notable growth rate. However, the dividend date and the payout ratio are two factors that could impact the income generated from this investment. The payout ratio, in particular, is a key indicator of the sustainability of the dividend. A high payout ratio could limit the company's ability to cover the dividend in the future, especially if earnings per share decline. Furthermore, ONEOK's dividends are distributed on a quarterly schedule, and the last ex-dividend date is an important date on the dividend calendar for shareholders.
The performance of ONEOK's common dividends in your portfolio should also be analyzed in relation to other assets, such as ETFs. The trend of ONEOK's dividend can provide valuable insights into the company's financial health and its ability to generate income for shareholders. Lastly, it's crucial to consider the risks associated with ONEOK's core business. As a midstream energy company, ONEOK operates in the logistics and pipeline industry. This sector can be influenced by various factors, including fluctuations in energy prices and regulatory changes. Therefore, while ONEOK’s dividend history and growth may be attractive, these additional considerations should not be overlooked.