ONEOK, Inc. (OKE) to Distribute Quarterly Dividend of $1.07 on November 16th

ONEOK, Inc. (NYSE:OKE) declared a quarterly dividend on Wednesday, October 14th. Shareholders of record on Monday, November 2nd will be paid a dividend of $1.07 per share by the utilities provider on Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, November 2nd.

ONEOK has a payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect ONEOK to earn $6.15 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 69.6%.

ONEOK Price Performance

ONEOK stock opened at $97.10 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.59. ONEOK has a one year low of $64.02 and a one year high of $99.85. The firm has a market cap of $61.21 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.82. The stock’s fifty day moving average price is $92.86 and its two-hundred day moving average price is $88.59.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.63. The business had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $10.54 billion. ONEOK had a net margin of 9.42% and a return on equity of 16.36%. During the same quarter in the prior year, the business posted $1.49 earnings per share. As a group, research analysts expect that ONEOK will post 5.74 EPS for the current fiscal year.

Key ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported third-quarter revenue of approximately $12.46 billion and diluted EPS of $2.13, exceeding analysts’ consensus estimate of $1.50. Record Permian volumes and contributions from the Brazos Midland acquisition supported the results. What ONEOK’s Raised Guidance Means for Shareholders
• Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to $8.5 billion-$8.6 billion, or roughly $8.55 billion at the midpoint, and increased full-year net-income guidance to $4.09 billion-$4.27 billion. The company cited Permian growth, infrastructure expansion and the Brazos acquisition as key drivers. ONEOK Outlines Leverage Target While Raising EBITDA Guidance
• Positive Sentiment: ONEOK reported about $5.5 billion of debt repayment, received credit-rating upgrades and outlined a 3.25x leverage target. These developments may ease balance-sheet concerns following its expansion and minority equity investment. What ONEOK’s Raised Guidance Means for Shareholders
• Positive Sentiment: Truist Financial raised its price target for OKE from $104 to $105 while maintaining a Hold rating, implying additional upside based on the referenced price. Truist Financial ONEOK Rating
• Neutral Sentiment: Jefferies increased its price target from $94 to $97, but the revised target is broadly consistent with the current trading range and does not represent a major change in its outlook. Jefferies Adjusts Price Target on ONEOK
• Negative Sentiment: US Capital Advisors lowered its EPS forecasts for 2026, 2027 and several upcoming quarters, including FY2027 EPS from $6.36 to $6.12, suggesting some caution about the pace of future earnings growth. It retained a Moderate Buy rating. ONEOK FY2028 Earnings Forecast Lifted
• Negative Sentiment: After a strong multi-year rally, investors may question how much of ONEOK’s improved earnings outlook is already reflected in the valuation, particularly with the stock near its 52-week high. ONEOK Stock May Look Reasonable on Raised 2026 Guidance

ONEOK Company Profile

ONEOK, Inc is an energy infrastructure company that operates midstream assets across the United States. Its business includes the gathering, processing, storage and transportation of natural gas, as well as the gathering, fractionation, storage and transportation of natural gas liquids (NGLs). The company also provides transportation and storage services for refined petroleum products, crude oil and other related commodities.

ONEOK serves major producing and consuming regions, including the Mid-Continent, Rocky Mountain, Permian and Gulf Coast areas.