- ONEOK pays out a 6% dividend. With gas prices moving higher every day, chances are high that this yield will increase further.
- The one detraction from ONEOK's investment thesis is that its balance sheet is meaningfully leveraged. That's not a problem right now, but it could be a problem down the road.
- A discussion of ONEOK's dividend payout risks.
- OKE stock is priced at approximately 17x this year's earnings. Not the cheapest energy company around, but it still has a very fair valuation.
- As always, happy to discuss my thesis further in the comments section.
For further details see:
ONEOK: Get Your 6% Dividend Yield From This Natural Gas Company