ONEOK dividend record and gas focus, shares supported by strong payout

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 18:37.

ONEOK Inc (US6826801036) stands out in the U.S. midstream sector with a long dividend history and a focus on fee-based natural gas and NGL infrastructure, while its stock trades on the NYSE alongside peers such as Williams Companies and Enterprise Products Partners.

Dividend profile and recent payouts

ONEOK declared a quarterly dividend of 99 cents per share payable on May 15, 2024 to shareholders of record as of May 1, 2024, continuing its pattern of regular cash distributions.

According to the company, this dividend level reflects its confidence in stable fee-based cash flows from its gathering, processing, transportation and fractionation assets across key U.S. natural gas and NGL basins.

Position among U.S. midstream peers

ONEOK operates as a large U.S. midstream company, focusing on natural gas liquids and natural gas pipelines, and competes with sector names such as Kinder Morgan, Williams Companies and Energy Transfer in providing transportation and storage services.

Analyst commentary from MarketScreener shows a mix of Buy and Hold ratings on ONEOK shares, with the company often highlighted for its relatively high dividend yield compared with the broader S&P 500 index and the midstream peer group.

What the company sells

ONEOK generates revenue primarily by operating regulated and contract-based natural gas and natural gas liquids pipelines, gathering systems, fractionators and storage facilities, charging volume-based and fee-based tariffs to utilities, petrochemical customers and industrial end users across the United States.

Where the stock trades today

ONEOK shares trade on the NYSE under the ticker OKE, with the latest available quote on MarketWatch showing the stock around the mid 70 dollar range, based on recent U.S. trading data.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.