ONEOK Inc. (OKE) for High Yield - April 28
Posted: Wed Apr 28, 2021 11:08 am
I have updated my forecast/valuation model for ONEOK's outstanding Q1 results and posted it to the EPG website.
They also raised their EBITDA guidance for this year. They will generate more than enough DCF to increase their quarterly dividends, which are now $0.935/share for annual yield of 7.14% at the time of this post.
Prior to the pandemic, ONEOK's goal was to increase dividends by 8% each year. It is now possible.
OKE is a C-Corp. that is going to generate a lot of free cash flow in "Post Pandemic World".
They also raised their EBITDA guidance for this year. They will generate more than enough DCF to increase their quarterly dividends, which are now $0.935/share for annual yield of 7.14% at the time of this post.
Prior to the pandemic, ONEOK's goal was to increase dividends by 8% each year. It is now possible.
OKE is a C-Corp. that is going to generate a lot of free cash flow in "Post Pandemic World".