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Data last updated: Sep 02, 2026
Snapshot (as of Sep 02, 2026): ONEOK, Inc. (OKE) pays a $4.24 annual dividend ($1.07 quarterly), yielding 4.43% at $95.64/share. Next ex-dividend date 2026-08-03. 37 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.43%
Annual Dividend: $4.24 per share
Payout Ratio: 72.3%
Ex-Dividend Date: 2026-08-03
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 4.46%, with a trailing annual dividend rate of $4.24 per share paid quarterly. The next ex-dividend date is August 3, 2026, with the most recent quarterly payment of $1.07 per share. A Dividend Aristocrat with 37 consecutive years of increases, OKE stock carries a beta of 0.715, making it a lower-volatility option within the energy sector for income-focused investors.
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 fee-based infrastructure model, which serves a broad customer base including E&P companies, utilities, propane distributors, and petrochemical firms across an extensive pipeline and processing network. ONEOK, Inc. dividend safety is further reinforced by 37 unbroken years of increases, though the elevated payout ratio leaves limited room to absorb a sustained earnings decline without pressure on future increases.
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 period (2026 data is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 64.0% in 2014, while growth slowed considerably in 2021 and 2022, when the dividend held flat at $3.74 per share for two consecutive years before resuming increases.
| 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 above-average income from a large-scale energy infrastructure business with a long history of uninterrupted increases. The current yield of 4.46% is classified as high (above 4%), and it sits above the 5-year average yield of 4.08%, meaning income buyers get a slightly better entry point than the recent norm. As a Dividend Aristocrat with 37 consecutive years of dividend increases, ONEOK, Inc. offers a rare combination of yield and growth longevity in the energy sector. The trade-off is a 72.3% payout ratio that leaves less cushion than lower-yielding peers, and the 11.1% historical CAGR may not be repeatable at that pace given where the payout ratio now sits.
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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