ONEOK Holds Dividend at $1.07, Annualized $4.28

ONEOK (NYSE: OKE) kept its quarterly dividend at $1.07 a share, the same as the prior quarter, the company said Wednesday. The payout annualizes to $4.28 a share. Shareholders of record as of Aug. 3 will receive the payment on Aug. 14.

The Tulsa-based midstream operator runs roughly 60,000 miles of pipeline for natural gas, NGLs, refined products and crude oil. Its Alpha Score, a proprietary measure of fundamental health, sits at 54 out of 100 with a Mixed label, reflecting a balanced risk-reward profile in the energy sector.

For income-focused investors, ONEOK joins a list of energy stocks with yields above 3% after the post-war rally faded. The unchanged dividend signals management sees no need to adjust the payout despite the current commodity price environment.

The company's next quarterly report will provide more detail on cash flow and coverage ratios.