ONEOK Inc OKE

Energy Oil & Gas Midstream

Oneok, Inc. is a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services. Its segments include Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines, and Refined Products and Crude. The Natural Gas Gathering and Processing segment provides midstream services to producers in North Dakota, Montana, Wyoming, Kansas, and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs) and store Purity NGLs, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins. The Natural Gas Pipelines segment transports and stores natural gas. The Refined Products and Crude segment transports, stores and distributes refined Products and crude oil, as well as conducts certain commodity-related activities including liquids blending and marketing activities.

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ONEOK Inc > Dividend

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Comment by whodathunkiton Sep 23, 2021 3:09pm

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Post# 33908676

RE:Dividend

I'm glad I stayed long with this one. Added some extra shares last fall. My question has obviously been answered, the dividend seems very sustainable.

Cheers.

whodathunkit wrote:

Currently at $3.74 USD, how sustainable is this? The market, though often wrong, is implying there is a high probabilty a cut will happen. Currently a 13%+ yield. While I'm long re the US O & G industry and therefore the infrastructure to move it (not sure about Canada's until the Lib's/Socialists are out), this makes me a little nervous.

Comments anyone?

Cheers.