Looking at the universe of stocks we cover at Dividend Channel , on 1/26/17, ONEOK Inc (Symbol: OKE) will trade ex-dividend, for its quarterly dividend of $0.615, payable on 2/14/17. As a percentage of OKE's recent stock price of $56.06, this dividend works out to approximately 1.10%, so look for shares of ONEOK Inc to trade 1.10% lower - all else being equal - when OKE shares open for trading on 1/26/17.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from OKE is likely to continue, and whether the current estimated yield of 4.39% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of OKE shares, versus its 200 day moving average:
Looking at the chart above, OKE's low point in its 52 week range is $18.88 per share, with $59.47 as the 52 week high point - that compares with a last trade of $56.01.
According to the ETF Finder at ETF Channel, OKE makes up 7.73% of the MLP and Energy Infrastructure ETF (Symbol: MLPX) which is trading relatively unchanged on the day Tuesday.
In Tuesday trading, ONEOK Inc shares are currently up about 0.3% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.