NEW YORK (

TheStreet

) -- The ex-dividend date for

ONEOK

(NYSE:

OKE

) is tomorrow, July 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $74.30 as of 9:32 a.m. ET, the dividend yield is 3%.

The average volume for ONEOK has been 852,000 shares per day over the past 30 days. ONEOK has a market cap of $8.1 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 34.6% year to date as of the close of trading on Tuesday.

ONEOK, Inc., a diversified energy company, operates as a natural gas distributor primarily in the United States. The company operates in three segments: ONEOK Partners, Distribution, and Energy Services. The company has a P/E ratio of 26.4, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ONEOK as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

ONEOK Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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