Oneok declares another quarterly dividend

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Oneok Stock Intrinsic 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 Stock Intrinsic 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 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

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.