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

ONEOK, Inc. (NYSE:OKE) announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, August 3rd will be paid a dividend of 1.07 per share by the utilities provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 3rd.

ONEOK has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. ONEOK has a dividend payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ONEOK to earn $6.07 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 70.5%.

ONEOK Trading Down 0.9%

NYSE:OKE opened at $91.04 on Thursday. ONEOK has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $88.87 and its 200 day moving average is $85.10. The stock has a market capitalization of $57.37 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 6.87 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts expect that ONEOK will post 5.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OKE has been the subject of several research reports. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Citigroup boosted their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. TD Cowen increased their target price on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $91.75.

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.