ONEOK, Inc.

OKE
Energy
$93.33
4.54%Overvalued

ONEOK, Inc. (OKE) is a Energy company that currently yields 4.54% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $41.86 and the overvaluation threshold at $86.73. ONEOK, Inc. holds a quality score of 28/100 (Risky), reflecting 14 consecutive years of dividend growth with a 73% payout ratio. The 5-year dividend CAGR stands at 2.0%.

OKE Dividend Yield History — Weiss Valuation

Underval. $41.86Overval. $86.73

Distance to undervalued

Entry price is stretched

Needs 55.1% downside to reach the Weiss buy zone

Undervaluation starts near $41.86, where the annual dividend would imply roughly 10.13% yield. That is 5.59% above today's yield.

Buy-zone price

$41.86

Target yield

10.13%

Research checklist

What to clear before buying the yield

Updated Aug 23, 2026

Dividend durability

14Y

Long dividend history supports a deeper look.

Earnings payout

73%

Earnings coverage leaves room for noise.

Cash payout

N/A

Confirm 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

2026-08-222026-08-23

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 12.6% (36% of maximum).

14 consecutive years without a dividend cut.

Reasonable payout ratio of 73%.

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

$463

Year 10 Income

$861

Yield on Cost

9.08%

Total Income

$6,403

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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More research

Full price history & technical analysis

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Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

Track dividends received & tax reports

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OKE Dividend Quality Score

Quality Score

28/ 100

Risky

Payout Ratio5/25
Dividend Streak20/25
Growth (CAGR 5Y)3/20
Yield vs History0/15
FCF Coverage0/15

Key Metrics

Current Price$93.33
Annual Dividend$4.24
Current Yield4.54%
Yield — Max (10Y)12.61%
Yield — Min (10Y)5.00%
Undervalued Below$41.86
Overvalued Above$86.73
Payout Ratio72.54%
CAGR Dividend 5Y2.0%
CAGR Dividend 10Y5.4%
Years No Cut14y

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14
consecutive years of dividend growth