In this article we discuss the 5 best American dividend stocks to invest in. If you want to read our detailed analysis of these companies, go directly to the 10 Best American Dividend Stocks to Invest In.
5. ONEOK, Inc. (NYSE: OKE)
Dividend Yield: 6.80%
Number of Hedge Fund Holders: 22
ONEOK, Inc. (NYSE: OKE) is involved in the gathering, processing, storage, and transportation of natural gas within the US. It is based in Tulsa, Oklahoma and was established in 1906. It has since become one of the leading companies in the oil and gas sector with a market cap of $24.05 billion. ONEOK, Inc. (NYSE: OKE) is one of the best American dividend stocks to invest in due to its high dividend yield and strong growth performance over the years. The company reported a net income of $386.2 million or $0.36 earnings per diluted share for the first quarter of fiscal year 2021.
There was a 24% year-over-year increase in the company’s adjusted EBITDA which amounted to $866.4 million. ONEOK, Inc. (NYSE: OKE) also declared a quarterly dividend of $3.74 per share on an annual basis in April 2021 with a dividend yield of 6.93%. The company has a 13% higher ROE than the average ROE in the oil and gas industry of the US. ONEOK, Inc. (NYSE: OKE)’s dividend has shown stable growth in the past decade. The dividend per share’s growth rate was 3.7% during the past year.