ONEOK Announces Unchanged Quarterly Dividend of $1.03 per Share

ONEOK declares a quarterly dividend of $1.03 per share, unchanged from the previous quarter, resulting in an annualized dividend of $4.12 per share. The dividend is payable on Aug. 14, 2025, to shareholders of record at the close of business Aug. 1, 2025. ONEOK is a leading midstream operator that provides gathering, processing, fractionation, transportation, storage, and marine export services.

TULSA, Okla., July 2, 2025 — ONEOK Inc. (NYSE: OKE) has declared a quarterly dividend of $1.03 per share, unchanged from the previous quarter, resulting in an annualized dividend of $4.12 per share. The dividend is payable on August 14, 2025, to shareholders of record at the close of business on August 1, 2025.

ONEOK, a leading midstream operator, provides essential energy services including gathering, processing, fractionation, transportation, storage, and marine export services. Through its approximately 60,000-mile pipeline network, ONEOK transports natural gas, natural gas liquids (NGLs), refined products, and crude oil, contributing to energy security and reliable energy solutions.

The company's latest dividend announcement comes amidst a period of increased institutional investor interest. Twelve Points Wealth Management LLC, for instance, boosted its position in ONEOK shares by 12.8% in the first quarter of 2025, owning 30,045 shares worth $2,981,000 [1]. Dakota Wealth Management also significantly increased its stake, acquiring an additional 15,301 shares, bringing its total position to 23,811 shares valued at $2,363,000 [3].

Analysts have mixed sentiments towards ONEOK. TD Cowen set a "hold" rating with a $91.00 price target, while JPMorgan Chase & Co. raised their target price to $97.00 with an "overweight" rating. Morgan Stanley's target price increased to $133.00 with an "overweight" rating, while Barclays lowered their target price to $91.00 with an "equal weight" rating. Wells Fargo & Company also reduced their target price to $93.00 with an "equal weight" rating [2].

ONEOK reported earnings of $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK has a market capitalization of $51.07 billion, a P/E ratio of 15.85, and a dividend payout ratio of 80.47% [1].

References:

[1] https://www.marketbeat.com/instant-alerts/filing-twelve-points-wealth-management-llc-increases-stock-position-in-oneok-inc-nyseoke-2025-07-09/
[2] https://www.prnewswire.com/news-releases/oneok-declares-quarterly-dividend-302507173.html
[3] https://www.marketbeat.com/instant-alerts/filing-dakota-wealth-management-has-236-million-stock-position-in-oneok-inc-nyseoke-2025-07-16/