ONEOK (OKE) Dividend
ONEOK, Inc. · Energy · Oil & Gas Midstream · quarterly payer
As of Nov 5, 2026, ONEOK (OKE) pays a quarterly dividend of $1.07 per share, or $4.28 a year, a 4.83% yield at its $88.97 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 3 years in a row and has a dividend safety grade of A.
Forward Yield
4.83%
Annual Dividend
$4.28
Payout Ratio
66%
5-Yr Growth
2.0%
Ex-Date
Nov 2, 2026
Frequency
Quarterly
Key facts about OKE's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, ONEOK, Inc. (OKE) has a forward dividend yield of 4.83%, based on an annual dividend of $4.28 per share and a share price of $88.97.
- As of Nov 5, 2026, OKE's dividend safety grade from SmarterDividends is A (93 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, ONEOK, Inc. (OKE) has raised its dividend for 3 consecutive years as of Nov 5, 2026.
- OKE last cut its regular dividend in 1989.
- OKE's most recent ex-dividend date was Nov 2, 2026, for a dividend of $1.07 per share.
- As of Nov 5, 2026, OKE pays out 66% of its trailing 12-month earnings as dividends (its payout ratio).
- OKE's dividend has grown at an average rate of 2.0% a year over the past five years.
- As of Nov 5, 2026, OKE's 4.83% yield is 15% below its five-year average yield of 5.69%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for OKE is $111.07 per share, 25% above the $88.97 share price, so OKE screens as undervalued.
- ONEOK, Inc. (OKE) pays its dividend quarterly, 4 times a year.
- ONEOK, Inc. (OKE) has raised its regular dividend 52 times and cut it 1 time across the 163 payments on record since 1985. Its most recent change was a 3.9% increase to $1.07 per share, going ex-dividend on Feb 2, 2026. The last cut went ex-dividend on Jan 25, 1989.
- ONEOK (OKE) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 3.9%, was declared on Jan 21, 2026.
Cite this page
SmarterDividends, "OKE Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/OKE
Is OKE a good dividend stock?
YesONEOK, Inc. (OKE) pays a quarterly dividend yielding 4.83% ($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
- 62% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1989
Key Data
- Dividend Yield
- 4.83%
- Payout Ratio
- 66%
- Annual Dividend
- $4.28
- 5-Yr Avg Growth
- 2.0%
- Ex-Dividend Date
- Nov 2, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.74
- Market Cap
- $56.1B
- P/E Ratio
- 13.8
- 5-Yr Total Return
- 62%
- 52-Week Range
- $64.02 – $99.85
- Dividend Safety
- A · 93/100
- Ever Cut?
- Yes (1989)
OKE dividend raises and cuts
ONEOK, Inc. (OKE) has raised its regular dividend 52 times and cut it 1 time across the 163 payments on record since 1985. Its most recent change was a 3.9% increase to $1.07 per share, going ex-dividend on Feb 2, 2026. The last cut went ex-dividend on Jan 25, 1989.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 2, 2026 | Raise | $1.03 → $1.07 | +3.9% |
| Feb 3, 2025 | Raise | $0.990 → $1.03 | +4.0% |
| Jan 29, 2024 | Raise | $0.955 → $0.990 | +3.7% |
| Jan 27, 2023 | Raise | $0.935 → $0.955 | +2.1% |
| Jan 24, 2020 | Raise | $0.915 → $0.935 | +2.2% |
| Nov 1, 2019 | Raise | $0.890 → $0.915 | +2.8% |
| Aug 5, 2019 | Raise | $0.865 → $0.890 | +2.9% |
| Apr 26, 2019 | Raise | $0.860 → $0.865 | +0.6% |
| Jan 25, 2019 | Raise | $0.855 → $0.860 | +0.6% |
| Nov 2, 2018 | Raise | $0.825 → $0.855 | +3.6% |
| Aug 3, 2018 | Raise | $0.795 → $0.825 | +3.8% |
| Apr 27, 2018 | Raise | $0.770 → $0.795 | +3.2% |
Show all 53 changes since 1989
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 26, 2018 | Raise | $0.745 → $0.770 | +3.4% |
| Aug 3, 2017 | Raise | $0.615 → $0.745 | +21.1% |
| Oct 29, 2015 | Raise | $0.605 → $0.615 | +1.7% |
| Jan 28, 2015 | Raise | $0.590 → $0.605 | +2.5% |
| Oct 30, 2014 | Raise | $0.575 → $0.590 | +2.6% |
| Jul 31, 2014 | Raise | $0.560 → $0.575 | +2.7% |
| Apr 28, 2014 | Raise | $0.400 → $0.560 | +40.0% |
| Feb 6, 2014 | Raise | $0.333 → $0.400 | +20.2% |
| Aug 1, 2013 | Raise | $0.315 → $0.333 | +5.6% |
| Jan 29, 2013 | Raise | $0.289 → $0.315 | +9.1% |
| Aug 2, 2012 | Raise | $0.267 → $0.289 | +8.2% |
| Jan 27, 2012 | Raise | $0.245 → $0.267 | +8.9% |
| Jul 28, 2011 | Raise | $0.228 → $0.245 | +7.7% |
| Jan 27, 2011 | Raise | $0.210 → $0.228 | +8.3% |
| Oct 27, 2010 | Raise | $0.201 → $0.210 | +4.3% |
| Jul 28, 2010 | Raise | $0.193 → $0.201 | +4.5% |
| Jan 27, 2010 | Raise | $0.184 → $0.193 | +4.8% |
| Jul 29, 2009 | Raise | $0.175 → $0.184 | +5.0% |
| Jul 29, 2008 | Raise | $0.166 → $0.175 | +5.3% |
| Jan 29, 2008 | Raise | $0.158 → $0.166 | +5.6% |
| Jul 27, 2007 | Raise | $0.149 → $0.158 | +5.9% |
| Jan 29, 2007 | Raise | $0.140 → $0.149 | +6.2% |
| Jul 27, 2006 | Raise | $0.131 → $0.140 | +6.7% |
| Apr 27, 2006 | Raise | $0.123 → $0.131 | +7.1% |
| Apr 28, 2005 | Raise | $0.109 → $0.123 | +12.0% |
| Oct 27, 2004 | Raise | $0.101 → $0.109 | +8.7% |
| Jul 28, 2004 | Raise | $0.0919 → $0.101 | +9.5% |
| Apr 28, 2004 | Raise | $0.0832 → $0.0919 | +10.5% |
| Jan 28, 2004 | Raise | $0.0788 → $0.0832 | +5.6% |
| Oct 29, 2003 | Raise | $0.0744 → $0.0788 | +5.9% |
| Jan 30, 2003 | Raise | $0.0679 → $0.0744 | +9.7% |
| Oct 28, 1998 | Raise | $0.0657 → $0.0679 | +3.3% |
| Apr 26, 1996 | Raise | $0.0635 → $0.0657 | +3.4% |
| Oct 27, 1995 | Raise | $0.0613 → $0.0635 | +3.6% |
| Jan 25, 1994 | Raise | $0.0591 → $0.0613 | +3.7% |
| Jan 25, 1993 | Raise | $0.0547 → $0.0591 | +8.0% |
| Jan 27, 1992 | Raise | $0.0460 → $0.0547 | +19.0% |
| Jan 25, 1991 | Raise | $0.0416 → $0.0460 | +10.5% |
| Jan 25, 1990 | Raise | $0.0383 → $0.0416 | +8.6% |
| Jul 25, 1989 | Raise | $0.0328 → $0.0383 | +16.7% |
| Jan 25, 1989 | Cut | $0.0700 → $0.0328 | −53.1% |
Frequently Asked Questions
Is OKE a good dividend stock?
Yes. ONEOK, Inc. (OKE) pays a quarterly dividend yielding 4.83% ($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.
Is OKE undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OKE's fair value is about $111.07 versus a $88.97 share price — so it looks undervalued (+25% vs. fair value).
Is OKE's dividend safe?
OKE has a dividend-safety grade of A (93/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 1989, debt and yield-versus-history.
What is OKE's fair value?
Our blended fair-value estimate for OKE is about $111.07 per share, roughly 25% above the current $88.97 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is OKE a buy, hold, or sell?
We don't issue formal ratings, but on the data OKE screens as "yes" and undervalued. ONEOK, Inc. (OKE) pays a quarterly dividend yielding 4.83% ($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. This is research for your own analysis, not investment advice.
Will OKE cut its dividend?
OKE earns a dividend-safety grade of A (93/100), and has cut its dividend before (last in 1989). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does OKE pay a dividend?
Yes. ONEOK, Inc. pays a quarterly dividend of about $4.28 per share annually, a forward yield of roughly 4.83%.
How much dividend does 100 shares of OKE pay?
At $4.28 per share a year, 100 shares of OKE pay $428.00 a year in dividends before tax, about $107.00 each quarter. Buying them costs about $8,897 at the Nov 5, 2026 price.
What is OKE's dividend yield?
As of Nov 5, 2026, OKE's forward dividend yield is 4.83%, based on a $4.28 annual dividend and a $88.97 share price.
What is OKE's dividend per share?
As of Nov 5, 2026, OKE pays $4.28 per share per year, distributed on a quarterly basis.
What is OKE's dividend payout ratio?
As of Nov 5, 2026, OKE's payout ratio is 66% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has OKE grown its dividend?
As of Nov 5, 2026, OKE has increased its dividend for 3 consecutive years.
When is the next OKE ex-dividend date?
As of Nov 5, 2026, OKE's next ex-dividend date hasn't been announced. The most recent was Nov 2, 2026, for $1.07 per share.
OKE Price — Last 12 Months
Daily close
Price Return
1 Year
+33%
3 Years
+41%
5 Years
+62%
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?
Undervaluedhigh confidenceOur blended fair-value estimate for ONEOK, Inc. is $111.07 per share, versus a market price of $88.97. That implies 25% of upside — a margin of safety of about 20%.
Fair Value
$111.07
Current Price
$88.97
Upside
+25%
Margin of Safety
20%
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 13.5% annual free-cash-flow growth. We model 11.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.3% discount rate (CAPM), 11.9% growth for five years fading to 2.5% over the next five, $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
Full OKE dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Nov 2, 2026 | Nov 16, 2026 | $1.0700 | regular |
| Aug 3, 2026 | Aug 14, 2026 | $1.0700 | regular |
| May 4, 2026 | May 15, 2026 | $1.0700 | regular |
| Feb 2, 2026 | Feb 13, 2026 | $1.0700 | regular |
| Nov 3, 2025 | Nov 14, 2025 | $1.0300 | regular |
| Aug 1, 2025 | Aug 14, 2025 | $1.0300 | regular |
| May 5, 2025 | May 15, 2025 | $1.0300 | regular |
| Feb 3, 2025 | Feb 14, 2025 | $1.0300 | regular |
| Nov 1, 2024 | Nov 14, 2024 | $0.9900 | regular |
| Aug 1, 2024 | Aug 14, 2024 | $0.9900 | regular |
| Apr 30, 2024 | May 15, 2024 | $0.9900 | regular |
| Jan 29, 2024 | Feb 14, 2024 | $0.9900 | regular |
| Oct 31, 2023 | Nov 14, 2023 | $0.9550 | regular |
| Jul 31, 2023 | Aug 14, 2023 | $0.9550 | regular |
Income Calculator
At $4.28 / yr per share
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