ONEOK (OKE) Asserts Shareholder Value Commitment with $1.03 Quarterly Dividend

ONEOK, Inc. (NYSE:OKE) is one of the best depressed stocks to buy in 2025. On July 16, the company reiterated its commitment to shareholder value by maintaining a quarterly dividend of $1.03 a share. The quarterly dividend translates to an annualized dividend of $4.12 a share.

ONEOK (OKE) Asserts Shareholder Value Commitment with $1.03 Quarterly Dividend

Photo by Max Bender on Unsplash

The company will pay a $1.03 per share dividend on August 14, 2025, to shareholders of record as of August 1, 2025. As it stands, ONEOK rewards investors with a 5.15% dividend yield, which is significantly above industry averages.

The dividend offering follows the completion of the acquisition of the Delaware Basin JV for $940 million. The acquisition is poised to enhance ONEOK’s operations in the Permian Basin by granting it full ownership of natural gas gathering and processing facilities in the Delaware Basin.

ONEOK, Inc. (NYSE:OKE) is an energy company focused on midstream services in natural gas and natural gas liquids (NGLs) processing and transportation. It owns and operates an extensive network of pipelines, processing plants, and storage facilities, connecting energy producers with end-users.

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Disclosure: None. This article is originally published at Insider Monkey.