ONEOK, Inc. (NYSE:OKE) Shareholders to Collect $1.07 Quarterly Dividend

Key Points

• ONEOK declared a quarterly dividend of $1.07 per share, payable November 16 to shareholders of record November 2. The dividend annualizes to $4.28 per share and yields approximately 4.7%.
• The dividend appears supported by earnings, with a payout ratio of 69.6% and an expected future payout ratio of about 69.7%. Analysts expect ONEOK to earn $6.14 per share next year.
• ONEOK reported quarterly EPS of $1.53, exceeding estimates of $1.46, while revenue reached $12.05 billion versus the $8.95 billion consensus estimate. Institutional investors own approximately 69.13% of the company.

ONEOK, Inc. (NYSE:OKE - Get Free Report) declared a quarterly dividend on Wednesday, October 14th. Shareholders of record on Monday, November 2nd will be given a dividend of $1.07 per share by the utilities provider on Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, November 2nd.

ONEOK has a dividend payout ratio of 69.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ONEOK to earn $6.14 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 69.7%.

ONEOK Trading Down 1.5%

OKE opened at $91.94 on Thursday. ONEOK has a 12 month low of $64.02 and a 12 month high of $99.85. The stock has a market capitalization of $57.95 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.66 and a beta of 0.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The business has a fifty day moving average price of $92.52 and a 200 day moving average price of $90.13.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%. During the same quarter in the prior year, the business earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts expect that ONEOK will post 5.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONEOK

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in ONEOK by 8.7% in the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider's stock valued at $5,610,887,000 after buying an additional 5,148,768 shares in the last quarter. State Street Corp lifted its position in shares of ONEOK by 5.0% during the 2nd quarter. State Street Corp now owns 43,633,749 shares of the utilities provider's stock valued at $3,793,518,000 after acquiring an additional 2,059,368 shares during the period. First Eagle Investment Management LLC lifted its position in shares of ONEOK by 1.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 11,834,827 shares of the utilities provider's stock valued at $1,028,920,000 after acquiring an additional 155,652 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ONEOK by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,552,597 shares of the utilities provider's stock worth $502,000,000 after acquiring an additional 187,880 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of ONEOK by 5.2% during the 1st quarter. Bank of America Corp DE now owns 5,504,989 shares of the utilities provider's stock worth $497,596,000 after acquiring an additional 272,704 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Company Profile

ONEOK, Inc NYSE: OKE is a diversified energy infrastructure company that owns and operates midstream assets in the United States. Its operations connect producers, processors, storage facilities and end-use markets across major energy-producing and consuming regions.

The company's businesses include natural gas gathering, processing, transportation and storage, as well as natural gas liquids (NGL) gathering, fractionation, storage and transportation. ONEOK also operates infrastructure serving refined products and crude oil markets, including pipelines and terminals.

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