ONEOK Stock To Go Ex-dividend Tomorrow (OKE)

NEW YORK ( TheStreet) -- The ex-dividend date for ONEOK (NYSE: OKE) is tomorrow, August 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $41.92 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for ONEOK has been 1.2 million shares per day over the past 30 days. ONEOK has a market cap of $9.43 billion and is part of the utilities sector and utilities industry. Shares are up 2.7% 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 and natural gas liquids 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 28.5, above the average utilities industry P/E ratio of 27.3 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 notable return on equity and solid stock price performance. 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.

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