ONEOK Maintains $1.07 Quarterly Dividend as Shares Rally 15%
ONEOK’s board declared a quarterly dividend of $1.07 per share, unchanged from prior quarter and payable May 15 to shareholders of record May 4 for an annualized $4.28. Shares have gained 15% in 2026, yield 5% at a 15x forward P/E and are projected to grow earnings ~9% through 2028.
1. Dividend Declaration
ONEOK’s board authorized a quarterly dividend of $1.07 per share, unchanged from the prior quarter. The dividend is payable May 15 to shareholders of record at close of business on May 4, representing an annualized payout of $4.28 per share.
2. Market Rally and Outlook
The stock has advanced 15% year-to-date in 2026 and currently yields 5% based on the annualized dividend. Trading at 15x forward earnings, ONEOK anticipates merger synergies and pipeline expansion projects to drive approximately 9% annual earnings growth through 2028.