Oneok (OKE) DIvidends Date & History

Key Takeaways

• ONEOK, Inc. (OKE) offers a current dividend yield of approximately 4.71% with an annualized dividend of $4.28 per share.
• The company pays dividends quarterly, with the most recent quarterly payout at $1.07 per share following a 4% increase in early 2026.
• Payout ratio stands near 74-76%, indicating solid coverage from earnings.
• ONEOK has a long track record of consistent dividend payments and modest annual growth, positioning it as a reliable dividend stock in the midstream energy sector.
• Free cash flow has supported dividend payments with coverage ratios above 1.2x in recent periods.
• The stock appeals to income-focused investors seeking stability in the energy infrastructure space.

Dividend Overview

ONEOK, Inc. (OKE) maintains a quarterly dividend policy typical of midstream energy companies focused on natural gas and natural gas liquids transportation and storage. The current annualized dividend totals $4.28 per share, delivering a yield of about 4.71%. This profile aligns with a high-yield dividend stock rather than aggressive dividend growth names. Payments occur four times per year, with the next ex-dividend date set for August 3, 2026, and the corresponding payment scheduled for August 14, 2026. The structure supports steady income generation for shareholders while reflecting the company's capital-intensive operations.

Dividend History and Growth

ONEOK has paid dividends consistently for decades, with annual increases in recent years. The quarterly dividend rose to $1.07 per share in January 2026, marking a 4% increase from the prior $1.03 level. This adjustment brought the annualized total to $4.28. Over the past five years, the dividend has grown at a compounded rate near 2.5% annually, with three consecutive years of increases. The company targets 3-4% annual dividend growth going forward, supported by stable cash flows from its midstream assets. No cuts have occurred even through challenging energy market cycles.

Dividend Sustainability and Payout Ratio

The payout ratio of approximately 74-76% suggests the dividend remains well-covered by earnings. Free cash flow coverage has exceeded 1.2x in recent fiscal periods, providing a buffer for ongoing payments. ONEOK maintains moderate debt levels consistent with its regulated infrastructure business, supporting long-term sustainability. The midstream focus generates predictable fee-based revenues, reducing sensitivity to commodity price swings and enhancing dividend reliability for investors.

Dividend Compared to Industry Peers

In the midstream energy sector, ONEOK's yield of roughly 4.7% compares favorably to peers such as Enterprise Products Partners and Enbridge, which often offer similar or slightly lower yields. The company's payout ratio and growth trajectory align closely with sector averages, reflecting a balanced approach between returning capital to shareholders and funding infrastructure expansion. This positions ONEOK as a competitive option within the group for those prioritizing income stability over higher-risk yields.

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Is This Stock Attractive for Dividend Investors?

ONEOK, Inc. (OKE) may suit income investors seeking a yield above broader market averages with quarterly payments and a history of modest growth. Its midstream focus provides relative stability compared to upstream energy producers, making it potentially appealing for conservative or long-term dividend investors focused on consistent cash flow. Dividend growth investors could find value in the targeted 3-4% annual increases, though the pace remains measured. The stock's profile offers a balanced mix of yield and sustainability without the higher volatility seen in some sector peers. Investors should evaluate their own objectives and risk tolerance when considering exposure.

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