This 4.7%-Yielding Dividend Stock Has High-Octane Growth Coming Down the Pipeline Through 2028
Oneok (NYSE: OKE) is a bit of an outlier. The energy infrastructure company has a high-yielding dividend (recently around 4.7%) and a high earnings growth rate (more than 10% annually). That growth and income combo has enabled the company to produce strong total returns (13% annually over the past decade). The energy midstream company has a lot of growth coming down the pipeline over the next several years. Because of that, it could continue producing robust total returns, making it look like an attractive long-term investment opportunity.Oneok has grown its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for 11 straight years. It has delivered an impressive growth rate of more than 16% annually during that period. What makes that growth even more remarkable is that crude oil prices have declined during that time frame, including experiencing two major plunges (the oil price war from 2014-2016, and the pandemic in 2020 and 2021). Continue reading
Oneok (NYSE: OKE) is a bit of an outlier. The energy infrastructure company has a high-yielding dividend (recently around 4.7%) and a high earnings growth rate (more than 10% annually). That growth and income combo has enabled the company to produce strong total returns (13% annually over the past decade).
The energy midstream company has a lot of growth coming down the pipeline over the next several years. Because of that, it could continue producing robust total returns, making it look like an attractive long-term investment opportunity.
Oneok has grown its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for 11 straight years. It has delivered an impressive growth rate of more than 16% annually during that period. What makes that growth even more remarkable is that crude oil prices have declined during that time frame, including experiencing two major plunges (the oil price war from 2014-2016, and the pandemic in 2020 and 2021).
