ONEOK Inc. (OKE) for High Yield - April 9

[dan_s]

Tomorrow morning (April 10) we will be sending out an updated profile on ONEOK.

This is a super conservative midstream C-Corp. based in Tulsa.
> They have cut back on capex this year.
> They are in great shape and should generate more than enough DCF to hold their quarterly dividend at $0.935/qtr. < Annual yield over 13%.
> Most of their revenues are fee based for gathering, processing and transporting natural gas and NGLs. < This business is in much better shape than the crude oil side.

If you like getting double digit dividend yield and lot of upside on the share price, check out OKE.