ONEOK, Inc.
OKEEnergy · Stock · quarterly payer
Forward Yield
4.58%
Annual Dividend
$4.28
Payout Ratio
73%
5-Yr Growth
2.0%
Ex-Date
Aug 3, 2026
Frequency
Quarterly
Summary
As of September 2026, ONEOK, Inc. (OKE) yields 4.58% ($4.28 per share annually), with a blended fair-value estimate of $111.30 — +19% upside, so it screens as undervalued. Dividend safety grade: A (89/100). 3 years of dividend growth.
Is OKE a good dividend stock?
YesONEOK, Inc. (OKE) pays a quarterly dividend yielding 4.58% ($4.28/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 47% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1989
Key Data
- Dividend Yield
- 4.58%
- Payout Ratio
- 73%
- Annual Dividend
- $4.28
- 5-Yr Avg Growth
- 2.0%
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.72
- Market Cap
- $58.9B
- P/E Ratio
- 16.1
- 5-Yr Total Return
- 47%
- 52-Week Range
- $64.02 – $99.85
- Dividend Safety
- A · 89/100
- Ever Cut?
- Yes (1989)
Frequently Asked Questions
OKE Price — Last 12 Months
Daily close
Price Return
1 Year
+39%
3 Years
+43%
5 Years
+47%
52-Week Range
$64.02 – $99.85
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OKE worth?
Undervaluedmedium confidenceOur blended fair-value estimate for ONEOK, Inc. is $111.30 per share, versus a market price of $93.46. That implies 19% of upside — a margin of safety of about 16%.
Fair Value
$111.30
Current Price
$93.46
Upside
+19%
Margin of Safety
16%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 16.2% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.9% discount rate (CAPM), 12.0% stage-1 growth, 2.5% terminal growth, $5.79 EPS, $4.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OKE Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 3, 2026 | — | $1.0700 | regular |
| May 4, 2026 | — | $1.0700 | regular |
| Feb 2, 2026 | — | $1.0700 | regular |
| Nov 3, 2025 | — | $1.0300 | regular |
| Aug 1, 2025 | — | $1.0300 | regular |
| May 5, 2025 | — | $1.0300 | regular |
| Feb 3, 2025 | — | $1.0300 | regular |
| Nov 1, 2024 | — | $0.9900 | regular |
| Aug 1, 2024 | — | $0.9900 | regular |
| Apr 30, 2024 | — | $0.9900 | regular |
| Jan 29, 2024 | — | $0.9900 | regular |
| Oct 31, 2023 | — | $0.9550 | regular |
| Jul 31, 2023 | — | $0.9550 | regular |
| Apr 28, 2023 | — | $0.9550 | regular |
Income Calculator
At $4.28 / yr per share
