The ex-dividend date for ONEOK (NYSE:OKE) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $83.23 as of 9:35 a.m., the dividend yield is 3%.
NEW YORK ( TheStreet) -- The ex-dividend date for ONEOK (NYSE: OKE) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $83.23 as of 9:35 a.m. ET, the dividend yield is 3%. The average volume for ONEOK has been 691,900 shares per day over the past 30 days. ONEOK has a market cap of $8.54 billion and is part of the utilities sector and utilities industry. Shares are down 4.6% year to date as of the close of trading on Tuesday. ONEOK, Inc., a diversified energy company, engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. The company has a P/E ratio of 24.6, above the average utilities industry P/E ratio of 24.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full ONEOK Ratings Report. See our dividend calendar or top-yielding stocks list.