At the end of today, November 14, 2023, ONEOK OKE will distribute a dividend payout of $0.95 per share, translating to an annualized dividend yield of 5.50%. Shareholders who held the stock before the ex-dividend date on October 31, 2023 will benefit from this payout.
ONEOK Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-31 | 4 | $0.95 | 5.5% | 2023-10-18 | 2023-11-01 | 2023-11-14 |
| 2023-07-31 | 4 | $0.95 | 5.94% | 2023-07-19 | 2023-08-01 | 2023-08-14 |
| 2023-04-28 | 4 | $0.95 | 5.76% | 2023-04-20 | 2023-05-01 | 2023-05-15 |
| 2023-01-27 | 4 | $0.95 | 5.45% | 2023-01-18 | 2023-01-30 | 2023-02-14 |
| 2022-10-31 | 4 | $0.94 | 6.72% | 2022-10-19 | 2022-11-01 | 2022-11-14 |
| 2022-07-29 | 4 | $0.94 | 6.41% | 2022-07-20 | 2022-08-01 | 2022-08-15 |
| 2022-04-29 | 4 | $0.94 | 5.08% | 2022-04-21 | 2022-05-02 | 2022-05-16 |
| 2022-01-28 | 4 | $0.94 | 6.09% | 2022-01-19 | 2022-01-31 | 2022-02-14 |
| 2021-10-29 | 4 | $0.94 | 5.74% | 2021-10-20 | 2021-11-01 | 2021-11-15 |
| 2021-07-30 | 4 | $0.94 | 7.14% | 2021-07-21 | 2021-08-02 | 2021-08-16 |
| 2021-04-23 | 4 | $0.94 | 7.26% | 2021-04-15 | 2021-04-26 | 2021-05-14 |
| 2021-01-29 | 4 | $0.94 | 8.48% | 2021-01-20 | 2021-02-01 | 2021-02-12 |
In terms of dividend yield, ONEOK finds itself in the middle ground among its industry peers, while TORM TRMD takes the lead with the highest annualized dividend yield at 19.16%.
Analyzing ONEOK Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average decrease in the company's dividend per share, decreasing from $6.28 in 2019 to $3.74 in 2022. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For ONEOK
The earnings chart above shows that from 2019 to 2022, ONEOK has experienced an increase in their earnings from $3.00 per share to $3.60 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we explore the recent dividend payout of ONEOK and its significance for shareholders. The company has decided to distribute a dividend of $0.95 per share today, which equates to an annualized dividend yield of 5.50%.
In terms of dividend yield, ONEOK finds itself in the middle ground among its industry peers, while TORM takes the lead with the highest annualized dividend yield at 19.16%.
With dividend per share decreasing and earnings per share increasing from 2019 to 2022, ONEOK appears to be emphasizing business growth by reinvesting profits rather than focusing on dividend distributions.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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