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Stock impact report

Passive Income Gold Mine: Own This Many Oneok Shares for $1,000 in Yearly Dividends [Yahoo! Finance]

ONEOK, Inc. (OKE) 
Last oneok, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
It aims to increase its payout by 3% to 4% per year. 10 stocks we like better than Oneok › Oneok (NYSE: OKE) is a high-octane income producer. The pipeline company currently has a dividend yield. That's several times higher than the S&P 500 , which only yields about 1.1% these days. Here's a look at how many shares of this passive income gold mine you'd need to own to generate $1,000 of dividend income each year. Oneok's extensive pipeline operations generate very stable cash flow backed primarily by long-term, fixed-fee contracts. That enables the energy company to pay a very predictable dividend. Oneok has delivered more than a quarter-century of dividend stability and growth. The pipeline company currently pays a quarterly dividend of $1.03 per share ($4.12 annualized). At that rate, you'd need to own almost 243 shares to generate $1,000 of annual dividend income from Oneok. With its stock price recently around $73.50 apiece, you'd need to invest roughly $17,840 into One Show less Read more
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