ONEOK, Inc. (NYSE:OKE) Announces Dividend Increase – $0.92 Per Share

Share on StockTwits

ONEOK, Inc. (NYSE:OKE) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.915 per share by the utilities provider on Thursday, November 14th. This represents a $3.66 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from ONEOK’s previous quarterly dividend of $0.89.

Shares of OKE stock opened at $69.99 on Thursday. The firm has a 50-day moving average price of $72.08 and a 200 day moving average price of $69.27. The company has a market capitalization of $29.58 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.19 and a beta of 1.12. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 1.70. ONEOK has a twelve month low of $50.26 and a twelve month high of $77.21.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.74. ONEOK had a return on equity of 19.38% and a net margin of 11.76%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $0.75 EPS. As a group, research analysts predict that ONEOK will post 3.11 earnings per share for the current year.

A number of brokerages have issued reports on OKE. Barclays set a $79.00 target price on ONEOK and gave the company a “hold” rating in a research report on Tuesday, October 15th. Zacks Investment Research lowered ONEOK from a “buy” rating to a “hold” rating and set a $81.00 target price on the stock. in a research report on Wednesday, September 18th. Argus upped their target price on ONEOK to $82.00 and gave the company an “average” rating in a research report on Tuesday, August 6th. Credit Suisse Group upped their target price on ONEOK from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, UBS Group raised ONEOK from a “neutral” rating to a “buy” rating and upped their price target for the company from $69.00 to $75.00 in a research report on Monday, August 12th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $73.73.

ONEOK Company Profile

ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

Read More: How dollar cost averaging works

Dividend History for ONEOK (NYSE:OKE)

Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

British American Tobacco Plc Ads  PT Raised to GBX 3,170
British American Tobacco Plc Ads PT Raised to GBX 3,170
AON  Downgraded to “Underperform” at Raymond James
AON Downgraded to “Underperform” at Raymond James
American Eagle Outfitters  Stock Rating Lowered by ValuEngine
American Eagle Outfitters Stock Rating Lowered by ValuEngine
VALLOUREC SA/S  Rating Lowered to Sell at Zacks Investment Research
VALLOUREC SA/S Rating Lowered to Sell at Zacks Investment Research
Head-To-Head Analysis: PowerFleet  versus Track Group
Head-To-Head Analysis: PowerFleet versus Track Group
Main Street Capital  versus Bojangles  Critical Analysis
Main Street Capital versus Bojangles Critical Analysis


© 2006-2019 Ticker Report