ONEOK, Inc. (OKE) To Go Ex-Dividend on February 2nd

ONEOK, Inc. (NYSE:OKE) declared a quarterly dividend on Wednesday, January 21st. Stockholders of record on Monday, February 2nd will be paid a dividend of 1.07 per share by the utilities provider on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Monday, February 2nd. This is a 3.9% increase from ONEOK’s previous quarterly dividend of $1.03.

ONEOK has raised its dividend payment 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 payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ONEOK to earn $5.95 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 71.9%.

ONEOK Price Performance

ONEOK stock opened at $79.21 on Friday. ONEOK has a 1 year low of $64.02 and a 1 year high of $103.64. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. The firm has a 50 day moving average price of $74.01 and a 200 day moving average price of $73.45. The company has a market cap of $49.84 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 4.49 and a beta of 0.94.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm posted $1.18 earnings per share. Sell-side analysts predict that ONEOK will post 5.07 earnings per share for the current year.

ONEOK Company Profile

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.