Looking at the universe of stocks we cover at Dividend Channel, on 7/31/20, ONEOK Inc (Symbol: OKE) will trade ex-dividend, for its quarterly dividend of $0.935, payable on 8/14/20. As a percentage of OKE's recent stock price of $26.88, this dividend works out to approximately 3.48%, so look for shares of ONEOK Inc to trade 3.48% lower — all else being equal — when OKE shares open for trading on 7/31/20.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from OKE is likely to continue, and whether the current estimated yield of 13.91% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of OKE shares, versus its 200 day moving average:
Looking at the chart above, OKE's low point in its 52 week range is $12.16 per share, with $78.48 as the 52 week high point — that compares with a last trade of $26.80.
In Wednesday trading, ONEOK Inc shares are currently down about 4.2% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
