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

ONEOK, Inc. (NYSE:OKE) announced a quarterly dividend on Wednesday, October 14th. Investors 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 yield of 4.7%. The ex-dividend date is Monday, November 2nd.

ONEOK has a payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. 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%

Shares of ONEOK stock opened at $91.94 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The company has a market capitalization of $57.95 billion, a P/E ratio of 15.85, a PEG ratio of 2.66 and a beta of 0.82. ONEOK has a 1 year low of $64.02 and a 1 year high of $99.85. The company’s fifty day moving average is $92.52 and its two-hundred day moving average is $90.13.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same period in the prior year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts forecast that ONEOK will post 5.72 earnings per share for the current year.

About ONEOK

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.