The ex-dividend date for ONEOK (NYSE:OKE) is tomorrow, January 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $47.49 as of 9:30 a.m., the dividend yield is 3%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for ONEOK (NYSE: OKE) is tomorrow, January 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $47.49 as of 9:30 a.m. ET, the dividend yield is 3%. The average volume for ONEOK has been 1.4 million shares per day over the past 30 days. ONEOK has a market cap of $9.69 billion and is part of the utilities sector and utilities industry. Shares are up 10.8% year to date as of the close of trading on Friday. 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 28.7, 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 notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full ONEOK Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.