LONDON, UK / ACCESSWIRE / April 26, 2018 / Active-Investors has a free review on ONEOK, Inc. (NYSE: OKE) following the Company's announcement that it will begin trading ex-dividend on April 27, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 26, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on OKE:

www.active-investors.com/registration-sg/?symbol=OKE

If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:

www.active-investors.com/registration-sg

Dividend Declared

On April 19, 2018, ONEOK'S Board of Directors increased the Company's quarterly dividend by 3% compared to its prior dividend, resulting in an annualized dividend of $3.18 per share. The dividend is payable May 15, 2018, to shareholders of record at the close of business April 30, 2018. ONEOK maintained its dividend guidance and expects approximately 90% to 95% of this dividend to be a return of capital.

ONEOK's indicated dividend represents a yield of 5.30%, which is more than double compared to the average dividend yield of 2.62% for the Utilities sector. The Company has increased its dividend by 29% since the close of the ONEOK and ONEOK Partners merger transaction in June 2017. The Company's dividend growth is due to the increase in cash flows resulting from the Merger Transaction and the continued growth of its operations.

Dividend Insight

ONEOK has a dividend payout ratio of 124.7%, which denotes that the Company spends approximately $1.24 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, ONEOK is forecasted to report earnings of $2.67 per share for the next year compared to the Company's annualized dividend of $3.18 per share.

At December 31, 2017, ONEOK had $37.2 million of cash and cash equivalents and $1.9 billion of borrowing capacity under the $2.5 Billion Credit Agreement. Following the January 2018 equity offering, the Company had $2.5 billion of borrowing capacity. ONEOK's cash flows from operating activities, before changes in operating assets and liabilities, increased to $1.5 billion for FY17 compared to $1.4 billion for FY16. For FY18, the Company expects its cash flows from operations to continue to sufficiently fund its cash distribution.

Upcoming Earnings

On April 11, 2018, ONEOK, announced that it will release its first-quarter 2018 earnings after the market closes on May 01, 2018. ONEOK's executive management will participate in a conference call the following day at 11 a.m. Eastern Daylight Time on May 02, 2018.

About ONEOK, Inc.

ONEOK is a leading midstream service provider and owner of one of the United States' premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions with key market centers and an extensive network of natural gas gathering, processing, storage, and transportation assets.

Stock Performance Snapshot

April 25, 2018 - At Wednesday's closing bell, ONEOK's stock slightly climbed 0.35%, ending the trading session at $59.60.

Volume traded for the day: 1.81 million shares.

Stock performance in the last month - up 4.52%; previous six-month period - up 8.27%; past twelve-month period - up 8.90%; and year-to-date - up 11.51%.

After yesterday's close, ONEOK's market cap was at $24.62 billion.

Price to Earnings (P/E) ratio was at 35.06.

The stock has a dividend yield of 5.17%.

The stock is part of the Utilities sector, categorized under the Gas Utilities industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors