ONEOK, Inc. (OKE) To Go Ex-Dividend on August 3rd

ONEOK, Inc. (NYSE:OKE) declared 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 raised 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 analysts expect ONEOK to earn $6.20 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 69.0%.

ONEOK Stock Performance

Shares of ONEOK stock opened at $90.83 on Friday. ONEOK has a one year low of $64.02 and a one year high of $96.07. The company has a market cap of $57.24 billion, a PE ratio of 16.19, a P/E/G ratio of 4.84 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The business has a 50-day simple moving average of $89.09 and a 200-day simple moving average of $86.58.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. On average, equities research analysts forecast that ONEOK will post 5.63 EPS for the current fiscal year.

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.