Oneok declares another quarterly dividend

Trending News 🌥️

Oneok Intrinsic Stock Value – Oneok ($NYSE:OKE), Inc. is a leading midstream service provider in the United States. The company owns and operates a vast network of natural gas pipelines, storage facilities, and processing plants. Oneok has a long history of paying dividends to shareholders, and the company recently declared another quarterly dividend of $0.935 per share. This dividend is in line with previous quarters, and is payable on November 14 to shareholders of record on November.

The ex-dividend date is October 31, meaning that shareholders who purchase the stock on or after this date will not be eligible for the dividend. Oneok has a strong track record of paying dividends, and the company’s dividend yield is among the highest in the midstream sector. Given the company’s solid financial position and strong cash flow generation, investors can expect Oneok to continue paying a generous dividend in the quarters ahead.

Dividends

ONEOK, Inc. has declared another quarterly dividend of 3.74 USD per share for the fiscal year 2022 second quarter ending June 30. This is compared to the dividends of 3.74 USD and 3.74 USD that were issued last two years. The dividend yields from 2020 to 2022 are 9.33%, 6.96%, 5.98%, thus the three-year average dividend yield is 7.42%. If you are looking for dividend stocks, ONEOK might be worth considering.

Price History

ONEOK is a diversified energy company that owns and operates natural gas pipelines and storage facilities in the United States. ONEOK‘s stock price was down by 1.0% on Wednesday, closing at $55.1 per share. This is in contrast to the company’s share price of $55.7 at the prior close. Despite the decline in stock price, ONEOK continues to be a diversified energy company with a strong presence in the United States.

VI Analysis – Oneok Intrinsic Stock Value

Oneok, Inc. is a leading midstream service provider in the United States. The company’s fundamentals reflect its long term potential and the intrinsic value of its shares. The company’s current share price of $55.1 represents a 36% discount to its intrinsic value of $86.6.

VI Peers

ONEOK Inc is a midstream company with operations in natural gas, natural gas liquids, and crude oil. The company is based in Tulsa, Oklahoma and was founded in 1906. ONEOK Inc’s competitors include Kinder Morgan Inc, Energy Transfer LP, Enterprise Products Partners LP.

– Kinder Morgan Inc ($NYSE:KMI)

Kinder Morgan Inc is a leading North American energy infrastructure company. It owns and operates an extensive network of pipelines and terminals that transport oil, natural gas, refined products, and chemicals. The company has a market capitalization of $40.72 billion and a return on equity of 7.82%. Kinder Morgan is headquartered in Houston, Texas, and employs approximately 11,000 people.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a publicly traded partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.

As of December 31, 2020, Energy Transfer LP had a market capitalization of $36.67 billion. The company’s return on equity was 14.71% for the year ended December 31, 2020.

Energy Transfer LP’s business is focused on the transportation and storage of energy products. The company’s natural gas pipelines transport natural gas from production areas to consumption markets. Energy Transfer LP’s natural gas storage facilities provide storage capacity for natural gas. The company’s crude oil pipelines transport crude oil from production areas to refining markets.

– Enterprise Products Partners LP ($NYSE:EPD)

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: gathering, processing, fractionating, storing, transporting, terminalling and marketing.

Summary

Investing in ONEOK is a smart move for any investor looking for a reliable income stream. The company has a long history of paying dividends, and its quarterly dividend payments are among the most consistent in the energy sector. Given the current strength of the energy markets, ONEOK is likely to continue paying dividends at a high level for the foreseeable future. For those looking for capital appreciation potential as well, ONEOK has significant upside.

With energy demand expected to continue growing in the years ahead, ONEOK is well-positioned to benefit from this trend. Investing in ONEOK is a smart way to gain exposure to the energy sector while also receiving a reliable dividend income stream.