In the past 30 days, 10 analysts have increased their EPS forecasts for this energy company. The shares have a current annual dividend yield of 7.09%, paid quarterly.
ONEOK, Inc. (OKE)
From The Dividend Hunter
As one of my Dividend Hunter recommendations, ONEOK, Inc. (OKE) may not get the exposure it deserves. I have not recommended ONEOK as the stock of the week since last November.
OKE is a large-cap energy midstream company that will pay an attractive yield and growing dividends for years. Even though energy stocks have posted great gains so far in 2021, OKE still yields just over 7%. Also, the share price was $20 higher before the pandemic triggered a crash of the energy sector.
ONEOK should be part of your overall income portfolio investment plan. If you don’t own any yet, pick up some shares. If you are underweight this stock, add a few shares.
Before the pandemic, ONEOK increased the dividend every quarter, with the payout growing by about 10% per year. I hope the company soon returns to a dividend growth plan. That move would help propel the stock price even higher. The next dividend announcement comes in July.
Recommendation: Buy or Add shares of OKE up to $57.50, which locks in a minimum 6.5% yield.
Tim Plaehn, The Dividend Hunter, yn345.isrefer.com/go/cabmdpc/cab/, May 25, 2021