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

ONEOK, Inc. (NYSE:OKE – Get Free Report) 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 4.6%. 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% meaning its dividend is sufficiently covered by earnings. 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%.

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ONEOK Price Performance

Shares of OKE stock opened at $92.86 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK has a twelve month low of $64.02 and a twelve month high of $96.07. The company has a market cap of $58.52 billion, a P/E ratio of 16.55, a P/E/G ratio of 6.80 and a beta of 0.73. The business has a fifty day simple moving average of $89.01 and a 200 day simple moving average of $85.24.

ONEOK (NYSE:OKE – Get Free Report) last released 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). The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period last year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts forecast that ONEOK will post 5.72 EPS for the current fiscal year.

About ONEOK

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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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