Here is Why ONEOK (OKE) is Among the Best Oil and Gas Dividend Stocks to Buy Now

ONEOK, Inc. (NYSE:OKE) is included among the 15 Best Natural Gas and Oil Dividend Stock to Buy Now.

Known for its stable cash flows backed by government-regulated rate structures and long-term contracts, ONEOK, Inc. (NYSE:OKE) has nearly doubled its payouts over the last decade. The company declared a quarterly dividend of $1.03 per share in July, having already paid $1.3 billion in the first half of the year.

Moreover, ONEOK, Inc. (NYSE:OKE) remains focused on growing its cash flows and payouts, with several new expansion projects already underway, including relocating a gas processing plant to the Permian Basin, expanding its refined products pipeline system to Denver, constructing two new natural gas liquids fractionators, and building an LPG export terminal. The company expects these growth drivers to increase its dividend at an annual rate of 3% to 4% in the coming years.

ONEOK, Inc. (NYSE:OKE) is one of the largest diversified energy infrastructure companies in the US, owning and operating an extensive network of NGLs, natural gas, refined products, and crude oil assets.

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Disclosure: None.