ONEOK maintains quarterly dividend at $1.03 per share

TULSA, Okla. - ONEOK, Inc. (NYSE: OKE), a major player in the midstream energy sector with a market capitalization of $51.6 billion, announced the maintenance of its quarterly dividend at $1.03 per share, which equates to an annualized rate of $4.12 per share. The dividend represents a yield of 4.87%, reflecting the company’s commitment to shareholder returns. Shareholders on record by the close of business on May 5, 2025, will be eligible for the dividend, which is scheduled for payment on May 15, 2025. According to InvestingPro, the company has demonstrated strong dividend growth of 7.85% over the past year.

This announcement comes as ONEOK continues to play a significant role in the energy infrastructure of North America. The company operates a vast pipeline network spanning approximately 60,000 miles, facilitating the transportation of natural gas, natural gas liquids (NGLs), refined products, and crude oil. These operations are critical in meeting both domestic and international energy demands, contributing to energy security, and providing energy solutions. The company’s operational efficiency is reflected in its strong financial performance, with EBITDA reaching $6.2 billion and revenue growth of 22.75% in the last twelve months. InvestingPro analysis indicates the company maintains a GOOD financial health score, supported by robust operational metrics.

ONEOK’s position as an S&P 500 company is reinforced by its headquarters in Tulsa, Oklahoma, and its commitment to delivering energy that impacts people’s lives in the U.S. and globally.

The company’s forward-looking statements, as defined under federal securities laws, indicate an anticipation of financial performance, including projections of quarterly and annual dividends, liquidity, and market conditions. However, it is important to note that such statements involve risks and uncertainties that may cause actual results to differ materially.

Investors and stakeholders are advised that forward-looking statements should not be relied upon unduly. Factors that may impact the company’s operations and market performance are detailed in the company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission (SEC), which are publicly available on the SEC’s website.

This dividend declaration by ONEOK is based on a press release statement and represents a continuation of the company’s previous quarterly dividend amount.

In other recent news, ONEOK Inc. reported strong financial results for the fourth quarter of 2024, with net income reaching $923 million, translating to $1.57 per share. The company’s full-year 2024 net income totaled $3 billion, or $5.17 per share, reflecting the impact of strategic acquisitions and infrastructure expansions. Looking ahead, ONEOK anticipates an 8% increase in earnings per share for 2025, projecting a midpoint of $5.37. Additionally, the company expects a 21% increase in adjusted EBITDA, reaching $8.225 billion for the same period. Analyst firms UBS and Stifel have shown confidence in ONEOK’s performance, with UBS maintaining a Buy rating and a price target of $147, while Stifel raised its price target to $110, maintaining a Buy rating. UBS anticipates ONEOK’s first-quarter 2025 EBITDA to be around $1,856 million, despite some segment-specific declines. ONEOK’s LPG export project has also garnered attention, highlighting its strategic location and potential growth opportunities.

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