ONEOK Declares Quarterly Dividend of $1.07 Per Share
ONEOK (OKE) has declared a quarterly dividend of $1.07 per share, consistent with its previous payout. The forward yield is currently at 4.65%. The dividend will be payable on November 16 to shareholders of record as of November 2, with an ex-dividend date also set for November 2. The company has been in the news recently due to a $4.42 billion acquisition deal involving Permian Basin assets from Brazos Midstream, which is expected to serve as a catalyst for growth. Analysts have noted that ONEOK's stable business model and recent guidance raises make it an attractive investment despite market expectations already being priced into its stock. Additionally, the ClearBridge Global Infrastructure Income Strategy has made portfolio adjustments by exiting OKE while adding CCI (Cincinnati Bell Inc.) and EIX (Edison International), reflecting shifting investor sentiment in infrastructure-related assets.
Tickers: $OKE
Topics: dividends energy infrastructure