ONEOK (OKE) Declares $1.07 Quarterly Dividend, 3.9% Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Increase: ONEOK has declared a quarterly dividend of $1.07 per share, representing a 3.9% increase from the previous $1.03, indicating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Advantage: The forward yield of 5.64% not only attracts income-seeking investors but also enhances the company's appeal in the competitive energy market, positioning it favorably against peers.
- Shareholder Payout Schedule: The dividend is payable on February 13, with a record date of February 2 and an ex-dividend date also on February 2, ensuring timely returns for shareholders and reinforcing investor confidence in the company's financial health.
- Future Growth Expectations: ONEOK anticipates achieving $250 million in synergy-related EBITDA by 2025 as integration accelerates, which is expected to significantly enhance the company's competitiveness and profitability in the market.
Analyst Views on OKE
Wall Street analysts forecast OKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OKE is 86.00 USD with a low forecast of 75.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 75.820
Low
75.00
Averages
86.00
High
110.00
Current: 75.820
Low
75.00
Averages
86.00
High
110.00
About OKE
ONEOK, Inc. is a midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. The Company's segments include Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines, and Refined Products and Crude. The Natural Gas Gathering and Processing segment provides midstream services to producers in the Rocky Mountain region, the Mid-Continent region, the Permian Basin region and the North Texas region. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs) and store Purity NGLs, primarily in the Rocky Mountain region, Mid-Continent region, Permian Basin and Gulf Coast region (including Louisiana). The Natural Gas Pipelines segment transports, stores and markets natural gas. The Refined Products and Crude segment gathers, transports, stores, distributes, blends and markets refined products and crude oil.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
