Current Yield
4.80%
TTM Dividend/Share
$4.20
Payment Frequency
Quarterly
Payout Ratio
74.9%
Consecutive Growth Years
4
Key takeaways
- ONEOK (OKE) has raised its dividend for 4 consecutive years.
- ONEOK (OKE) currently yields 4.80%, paying $4.20 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 74.9% — the share of earnings distributed as dividends.
- 5 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 1.95%.
Dividend yield valuation for ONEOK (OKE)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 4.80% |
1-year average yield | 5.58%now 0.78 pp below |
3-year average yield | 4.97%now 0.17 pp below |
5-year average yield | 5.39%now 0.59 pp below |
OKE: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for ONEOK (OKE)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 6.8% |
FCF payout ratio | 30.1% |
Net debt / EBITDA | 4.3x |
Interest coverage | 4.01x |
ROIC (TTM) | 8.8% |
Dividend safety score for ONEOK (OKE)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
5 of 8 checks passed
Payout ratio below 75%
Payout ratio is 74.9%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-372M — FCF does not fully cover the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 4 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 30.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.3x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (2.0%) ≤ EPS growth (7.8%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
161 payments from 1985 to 2026 · Adj. Dividend is split-adjusted
| May 4, 2026 | May 15, 2026 | $1.0700 | $1.0700 |
| Feb 2, 2026 | Feb 13, 2026 | $1.0700 | $1.0700 |
| Nov 3, 2025 | Nov 14, 2025 | $1.0300 | $1.0300 |
| Aug 1, 2025 | Aug 14, 2025 | $1.0300 | $1.0300 |
| May 5, 2025 | May 15, 2025 | $1.0300 | $1.0300 |
| Feb 3, 2025 | Feb 14, 2025 | $1.0300 | $1.0300 |
| Nov 1, 2024 | Nov 14, 2024 | $0.9900 | $0.9900 |
| Aug 1, 2024 | Aug 14, 2024 | $0.9900 | $0.9900 |
| Apr 30, 2024 | May 15, 2024 | $0.9900 | $0.9900 |
| Jan 29, 2024 | Feb 14, 2024 | $0.9900 | $0.9900 |
| Oct 31, 2023 | Nov 14, 2023 | $0.9550 | $0.9550 |
| Jul 31, 2023 | Aug 14, 2023 | $0.9550 | $0.9550 |
- May 4, 2026$1.0700
- Feb 2, 2026$1.0700
- Nov 3, 2025$1.0300
- Aug 1, 2025$1.0300
- May 5, 2025$1.0300
- Feb 3, 2025$1.0300
- Nov 1, 2024$0.9900
- Aug 1, 2024$0.9900
- Apr 30, 2024$0.9900
- Jan 29, 2024$0.9900
- Oct 31, 2023$0.9550
- Jul 31, 2023$0.9550
Historical dividend yield for ONEOK (OKE)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 5.58%5Y: 5.39%10Y: 5.68%
Dividend per share for ONEOK (OKE)
CAGR (per year)1Y: 4.04%5Y: 1.95%10Y: 5.42%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 1985 | $0.14 | 2 |
| 1986 | $0.28 | 4 |
| 1987 | $0.28 | 4 |
| 1988 | $0.07 | 1 |
| 1989 | $0.14 | 4 |
| 1990 | $0.17 | 4 |
| 1991 | $0.18 | 4 |
| 1992 | $0.22 | 4 |
| 1993 | $0.24 | 4 |
| 1994 | $0.25 | 4 |
| 1995 | $0.25 | 4 |
| 1996 | $0.26 | 4 |
| 1997 | $0.26 | 4 |
| 1998 | $0.26 | 4 |
| 1999 | $0.27 | 4 |
| 2000 | $0.27 | 4 |
| 2001 | $0.27 | 4 |
| 2002 | $0.27 | 4 |
| 2003 | $0.30 | 4 |
| 2004 | $0.39 | 4 |
| 2005 | $0.48 | 4 |
| 2006 | $0.53 | 4 |
| 2007 | $0.61 | 4 |
| 2008 | $0.68 | 4 |
| 2009 | $0.72 | 4 |
| 2010 | $0.80 | 4 |
| 2011 | $0.95 | 4 |
| 2012 | $1.11 | 4 |
| 2013 | $1.30 | 4 |
| 2014 | $2.13 | 4 |
| 2015 | $2.43 | 4 |
| 2016 | $2.46 | 4 |
| 2017 | $2.72 | 4 |
| 2018 | $3.25 | 4 |
| 2019 | $3.53 | 4 |
| 2020 | $3.74 | 4 |
| 2021 | $3.74 | 4 |
| 2022 | $3.74 | 4 |
| 2023 | $3.82 | 4 |
| 2024 | $3.96 | 4 |
| 2025 | $4.12 | 4 |
| 2026 | $2.14 | 2 |
Dividend growth for ONEOK (OKE)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $4.1200 | — | — |
| 2025 | $3.9600 | $4.1200 | +4.0% |
| 2024 | $3.8200 | $3.9600 | +3.7% |
| 2023 | $3.7400 | $3.8200 | +2.1% |
| 2022 | $3.7400 | $3.7400 | 0.0% |
| 2021 | $3.7400 | $3.7400 | 0.0% |
| 2020 | $3.5300 | $3.7400 | +5.9% |
| 2019 | $3.2450 | $3.5300 | +8.8% |
| 2018 | $2.7200 | $3.2450 | +19.3% |
| 2017 | $2.4600 | $2.7200 | +10.6% |
| 2016 | $2.4300 | $2.4600 | +1.2% |
| 2015 | $2.1250 | $2.4300 | +14.4% |
| 2014 | $1.2957 | $2.1250 | +64.0% |
| 2013 | $1.1119 | $1.2957 | +16.5% |
| 2012 | $0.9455 | $1.1119 | +17.6% |
| 2011 | $0.7967 | $0.9455 | +18.7% |
| 2010 | $0.7179 | $0.7967 | +11.0% |
| 2009 | $0.6829 | $0.7179 | +5.1% |
| 2008 | $0.6129 | $0.6829 | +11.4% |
| 2007 | $0.5341 | $0.6129 | +14.8% |
| 2006 | $0.4772 | $0.5341 | +11.9% |
| 2005 | $0.3852 | $0.4772 | +23.9% |
| 2004 | $0.3020 | $0.3852 | +27.5% |
| 2003 | $0.2714 | $0.3020 | +11.3% |
| 2002 | $0.2714 | $0.2714 | 0.0% |
| 2001 | $0.2714 | $0.2714 | 0.0% |
| 2000 | $0.2714 | $0.2714 | 0.0% |
| 1999 | $0.2648 | $0.2714 | +2.5% |
| 1998 | $0.2627 | $0.2648 | +0.8% |
| 1997 | $0.2605 | $0.2627 | +0.8% |
| 1996 | $0.2473 | $0.2605 | +5.3% |
| 1995 | $0.2451 | $0.2473 | +0.9% |
| 1994 | $0.2364 | $0.2451 | +3.7% |
| 1993 | $0.2189 | $0.2364 | +8.0% |
| 1992 | $0.1839 | $0.2189 | +19.0% |
| 1991 | $0.1663 | $0.1839 | +10.5% |
| 1990 | $0.1423 | $0.1663 | +16.9% |
| 1989 | $0.0700 | $0.1423 | +103.1% |
| 1988 | $0.2802 | $0.0700 | -75.0% |
| 1987 | $0.2802 | $0.2802 | 0.0% |
| 1986 | — | $0.2802 | — |
- 2026—
- 2025$4.1200
- 2024$3.9600
- 2023$3.8200
- 2022$3.7400
- 2021$3.7400
- 2020$3.7400
- 2019$3.5300
- 2018$3.2450
- 2017$2.7200
- 2016$2.4600
- 2015$2.4300
- 2014$2.1250
- 2013$1.2957
- 2012$1.1119
- 2011$0.9455
- 2010$0.7967
- 2009$0.7179
- 2008$0.6829
- 2007$0.6129
- 2006$0.5341
- 2005$0.4772
- 2004$0.3852
- 2003$0.3020
- 2002$0.2714
- 2001$0.2714
- 2000$0.2714
- 1999$0.2714
- 1998$0.2648
- 1997$0.2627
- 1996$0.2605
- 1995$0.2473
- 1994$0.2451
- 1993$0.2364
- 1992$0.2189
- 1991$0.1839
- 1990$0.1663
- 1989$0.1423
- 1988$0.0700
- 1987$0.2802
- 1986$0.2802
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
ONEOK (OKE) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation