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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): ONEOK, Inc. (OKE) pays a $4.24 annual dividend ($1.07 quarterly), yielding 4.72% at $92.76/share. Next ex-dividend date 2026-11-02. 37 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.72%
Annual Dividend: $4.24 per share
Payout Ratio: 72.5%
Ex-Dividend Date: 2026-11-02
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 42
ONEOK, Inc. dividend income comes from one of the largest natural gas and NGL infrastructure operators in the United States, spanning gathering, processing, storage, and transportation across the Mid-Continent and Rocky Mountain regions. OKE currently yields 4.54%, with a trailing annual dividend rate of $4.24 per share paid quarterly, and the next ex-dividend date falls on August 3, 2026. A Dividend Aristocrat with 37 consecutive years of increases, this stock draws income investors who want above-average yield backed by a long, unbroken payment record. The beta of 0.719 means OKE stock moves less than the broader market, which matters for investors prioritizing income over price swings.
ONEOK, Inc. pays out 72.3% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the company's role as a fee-based infrastructure operator, running approximately 17,500 miles of natural gas gathering pipelines and serving a broad customer base that includes utilities, E&P companies, and petrochemical firms, all of which generate recurring demand for midstream services. ONEOK, Inc. dividend safety is worth examining closely because a 72.3% payout leaves limited room to absorb earnings pressure, and any sustained drop in throughput volumes or commodity-linked revenue would test the dividend's headroom.
ONEOK, Inc. dividend history shows a CAGR of 11.1% per year from 2011 to 2025. The per-share annual dividend grew from $0.9454 to $4.12 over that window (2026 is a partial year and excluded from the CAGR calculation). Growth was not linear: the largest single-year jump was 64.0% in 2014, while the 2020 through 2022 period saw the dividend hold flat at $3.74, with no increase recorded across three consecutive years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.3% | $3.74 (2022) | $4.12 (2025) |
| 5-Year | +2.0% | $3.74 (2020) | $4.12 (2025) |
| 10-Year | +5.4% | $2.43 (2015) | $4.12 (2025) |
OKE fits dividend investors who want a high-yield infrastructure stock with a long, documented record of increases. The current yield of 4.54% is classified as high (above 4%) and sits above the 5-year average of 4.15%, meaning today's entry point offers more income than the historical norm. As a Dividend Aristocrat with 37 consecutive years of increases, OKE has demonstrated a commitment to growing the payout through varying conditions. The trade-off is a payout ratio of 72.3%, which is elevated and leaves less cushion than lower-payout peers. Investors get above-average yield and a long growth streak; they accept a payout structure that has limited flexibility.
OKE is a Dividend Aristocrat with 37 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-03 | $1.0700 |
| 2026-05-04 | $1.0700 |
| 2026-02-02 | $1.0700 |
| 2025-11-03 | $1.0300 |
| 2025-08-01 | $1.0300 |
| 2025-05-05 | $1.0300 |
| 2025-02-03 | $1.0300 |
| 2024-11-01 | $0.9900 |
| 2024-08-01 | $0.9900 |
| 2024-04-30 | $0.9900 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.2100 |
| 2025 | $4.1200 |
| 2024 | $3.9600 |
| 2023 | $3.8200 |
| 2022 | $3.7400 |
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