OKE - ONEOK: I'm Collecting Tolls From This Reliable Dividend Payer

2024-04-10 17:20:16 ET

Summary

• ONEOK is a midstream energy giant with a 50,000-mile network of pipelines and a strong presence in the U.S. mid-continent region.
• The company's enjoys a high fee-based income stream and is seeing growth across business segments.
• OKE has a strong outlook for 2024 and is well-positioned to return capital to shareholders through dividends and buybacks.

There's plenty of value to be had in industries that get durable and recurring income streams, as that can translate into portfolio stability and dividends in both good times and bad....

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