Oneok, Sun Communities, and Accenture each pay a rising dividend and trade cheap for different reasons. The AI sell-off is the wrong place to look for income.
The AI sell-off has plenty of people watching their growth-stock P&Ls bleed. That is the wrong place to look if your horizon runs past the next quarter. A market that is busy panicking over one sector often leaves better income plays sitting at better yields.
Three names worth the look: Oneok, Sun Communities, and Accenture. Each has a different reason for being cheap right now, and each pays a dividend that has been raised consistently for years.
Oneok (OKE) and the volume game
Oil prices slid from their April peak to a multi-month low last week as the prospect of a US-Iran detente took shape. Most energy stocks fell with crude. Oneok did not.
The reason is structural. Oneok is a midstream operator – 60,000 miles of pipelines moving oil and natural gas. It charges by volume, not by the price of the commodity. As long as the US keeps burning gas and driving on gasoline, the tollbooth keeps ringing. That makes the dividend predictable in a way that an E&P dividend is not. Oneok has paid one for decades and raises it on a regular cadence.
Sun Communities (SUI): the REIT nobody talks about
Most REIT investors know the big names in data centers, cell towers, and warehouses. Sun Communities is not one of those. It owns mobile home parks and RV rental properties, a niche that has held up better than most people expect through the housing cycle.
The yield is 3.7%, which is not going to set anyone's portfolio on fire. What matters is the streak: nine consecutive years of dividend increases. That kind of record in a REIT that does not get much analyst coverage means the payout growth is coming from real cash flow, not financial engineering.
Accenture (ACN): the AI fear is priced in, maybe too much
Accenture is the most interesting of the three because the bear case is obvious and the stock has already cratered. Shares are down more than 60% from the February 2025 peak. The worry is that generative AI eats into Accenture's consulting and outsourcing revenue – why pay a human integrator when a model can do the work?
The counterargument is that AI still cannot handle most of the physical, regulatory, and client-facing work Accenture does. And to the extent it is a threat, Accenture is using it and helping clients use it, not ignoring it. The stock's sell-off has pushed the forward yield to 5.1%, backed by an annual dividend that has been raised every year for roughly two decades.
The common thread
All three companies have a dividend history that survived prior drawdowns. All three are out of favor for reasons that are either structural (Oneok's volume model) or cyclical (Accenture's AI scare, Sun's niche REIT status). None of them need the market to cooperate to keep paying.
That is the point of buying when the market is distracted. The dividend does not care about the AI narrative. It cares about cash flow.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.