Oneok Inc. (OKE) reachead $73.72 at the closing of the latest trading day, reflecting a +0.53% change compared to its last close.
Tulsa, Okla.-based Oneok is a dividend stock in the spotlight, with the company hiking its dividend just last month. Oneok primarily operates natural gas pipelines, though it has recently diversified further into crude oil products with a sizable $18.8 billion acquisition of Magellan Midstream Partners. After raising its quarterly dividend to 99 cents per share last month, Oneok currently yields 5.4% on an annualized basis.
ONEOK's (OKE) fourth-quarter earnings are likely to have gained from fee-based contracts and the completed acquisition of Magellan Midstream Partners.