Oneok dividend yield calculator – Investors Reap Benefits of 6% Dividend Yield with ONEOK Stock
November 29, 2023
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As an investor, I chose to include ONEOK ($NYSE:OKE) stock in my portfolio due to its attractive 6% dividend yield. ONEOK is a leading midstream service provider and owner of one of the largest natural gas gathering and processing systems in the United States. It is also a provider of natural gas liquids and other related services. The company has a strong track record of paying out attractive dividends, which makes it an attractive investment for investors looking for steady income. ONEOK’s dividend yield is one of the highest in its sector, and has been consistently higher than the industry average over the past three years.
The company has been steadily increasing its dividend payments, making it an attractive option for those looking for a reliable source of income. Overall, ONEOK is an attractive investment for those looking for a reliable source of income thanks to its 6% dividend yield. The company has a strong track record of paying out attractive dividends, and its stock performance has been impressive over the past few years.
Dividends – Oneok dividend yield calculator
Investing in the stock of ONEOK could reap you a great reward from its dividend yield. Over the past three years, ONEOK has issued an annual dividend per share of 3.8, 3.74, and 3.74 USD. The dividend yields from 2021 to 2023 are estimated to be 5.97%, 6.1%, and 6.96% respectively, with an average of 6.34%.
If you are interested in investing in dividend stocks, then ONEOK is worth considering. Not only does it offer a substantial dividend yield, but it has also proved its ability to be reliable given its three-year track record of consistent dividends.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oneok. More…
| Total Revenues | Net Income | Net Margin |
| 17.47k | 2.46k | 14.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oneok. More…
| Operations | Investing | Financing |
| 3.95k | -6.03k | 2.34k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oneok. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.94k | 27.64k | 27.98 |
Key Ratios Snapshot
Some of the financial key ratios for Oneok are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.5% | 26.4% | 22.6% |
| FCF Margin | ROE | ROA |
| 15.1% | 21.0% | 5.6% |
Analysis – Oneok Intrinsic Value Calculation
At GoodWhale, we conducted an analysis of ONEOK‘s finances and used our proprietary Valuation Line to calculate the fair value of ONEOK shares at approximately $48.9. However, the stock is currently trading at $67.2, which is overvalued by 37.4%. This provides an opportunity for investors who recognize the discrepancy between the fair value and current market price. More…
Peers
ONEOK Inc is a company that operates in the energy sector. The company is involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids. The company has operations in the United States, Canada, and Mexico. The company’s competitors include Kinder Morgan Inc, Energy Transfer LP, Enterprise Products Partners LP.
– Kinder Morgan Inc ($NYSE:KMI)
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. It owns or operates an extensive network of pipelines and terminals that transport petroleum products, natural gas, and other products. The company also owns and operates a fleet of liquefied natural gas (LNG) carriers. Kinder Morgan has a market capitalization of $40.72 billion as of 2022 and a return on equity of 7.82%. The company is headquartered in Houston, Texas.
– Energy Transfer LP ($NYSE:ET)
Energy Transfer LP is a publicly traded partnerships that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas gathering and processing facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.
– Enterprise Products Partners LP ($NYSE:EPD)
Enterprise Products Partners LP is a publicly traded partnership that owns and operates a diversified portfolio of energy assets. The company has a market cap of 54.94B and a ROE of 15.44%. The company’s operations are focused on natural gas, crude oil, and NGL (natural gas liquids) transportation, storage, and processing. The company also owns and operates a network of natural gas pipelines and gathering systems, as well as crude oil and NGL terminals and storage facilities.
Summary
ONEOK is an attractive option for investors interested in dividend stocks. Moreover, the company’s strong balance sheet and conservative payout ratio provide additional safety. Furthermore, the stock has a history of above-average total returns and is trading at a lower multiple relative to its peers.
This makes it an attractive option for both income-focused and growth-focused investors. With its strong fundamentals, low valuation, and generous dividend, ONEOK is an appealing pick for any investor’s portfolio.
