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

Key Points

• $1.07 quarterly dividend declared, payable May 15 to shareholders of record on May 4, with an implied yield of about 4.9% (ex-dividend date May 4).
• ONEOK's dividend is covered with a payout ratio of ~69.6%; the company has raised its dividend for three consecutive years and analysts forecast continued coverage given expected EPS and FY2026 guidance.
• Shares trade around a market cap of ~$55 billion with a P/E of 16.1 and a 52-week range of $64.02–$95.30, while analyst sentiment is mixed but averages a "Moderate Buy" rating with a consensus target near $89.69.

ONEOK, Inc. (NYSE:OKE - Get Free Report) 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) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, May 4th.

ONEOK has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. ONEOK has a payout ratio of 69.6% meaning its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of OKE opened at $87.29 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a 50 day moving average price of $86.80 and a two-hundred day moving average price of $77.67. The firm has a market capitalization of $54.99 billion, a P/E ratio of 16.10, a P/E/G ratio of 6.38 and a beta of 0.84. ONEOK has a 52 week low of $64.02 and a 52 week high of $95.30.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 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 analyst estimates of $8.77 billion. During the same period in the previous year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities analysts forecast that ONEOK will post 5.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upped their target price on ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. lowered ONEOK from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Scotiabank reaffirmed an "outperform" rating on shares of ONEOK in a report on Monday, April 13th. Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the company a "sector perform" rating in a report on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of ONEOK in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.69.

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.

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