ONEOK, Inc.
OKEONEOK, Inc. (OKE) is a Energy company that currently yields 4.47% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $41.20 and the overvaluation threshold at $82.58. ONEOK, Inc. holds a quality score of 28/100 (Risky), reflecting 14 consecutive years of dividend growth with a 74% payout ratio. The 5-year dividend CAGR stands at 2.0%.
OKE Dividend Yield History — Weiss Valuation
Distance to undervalued
Entry price is stretched
Needs 56.2% downside to reach the Weiss buy zone
Undervaluation starts near $41.20, where the annual dividend would imply roughly 10.20% yield. That is 5.73% above today's yield.
Buy-zone price
$41.20
Target yield
10.20%
Research checklist
What to clear before buying the yield
Updated May 25, 2026
Dividend durability
14YLong dividend history supports a deeper look.
Earnings payout
74%Earnings coverage leaves room for noise.
Cash payout
N/AConfirm cash conversion and one-off effects.
Dividend growth
2.0%Lower growth changes the return trade-off.
What changed
What changed since the last update
2026-05-23 → 2026-05-25
No major change in signal, yield, price, quality, or payout since the last update.
Why Now?
ONEOK, Inc. is trading near its historical overvaluation band.
Current yield 4.5% vs historical max 12.7% (35% of maximum).
14 consecutive years without a dividend cut.
Reasonable payout ratio of 74%.
What matters now
Read the signal before the headline yield
Valuation is the brake here: the yield is compressed versus its own history.
The 28/100 quality score says the headline yield needs extra skepticism.
Start by checking whether payout coverage and business durability still support the dividend.
OKE Dividend Income Projection — DRIP Compounder
Dividend Compounder (DRIP)
Year 1 Income
$456
Year 10 Income
$840
Yield on Cost
8.86%
Total Income
$6,271
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
More research
Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
FinViz ↗Moat rating & analyst fair value
Morningstar ↗OKE Dividend Quality Score
Quality Score
Risky
Key Metrics
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In-depth analysis
→ OKE Dividend Analysis Article