ONEOK WKN: 911060 ISIN: US6826801036 Kürzel: OKE Forum: Aktien Thema: Hauptdiskussion

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Dividend Analysis As is the case with most midstream companies, ONEOK pays a very attractive dividend to its investors. As of the time of writing, the stock yields a rather attractive 9.08%. One thing though that has disappointed many investors in the sector in the past year though is that several of these firms ended up cutting their payouts. This was a direct reaction to the troubles faced by the upstream firms that were cutting back on their spending in order to preserve their balance sheet strengths. ONEOK was not part of this crowd though. As we can see here, the company maintained its dividend straight through 2020: Source: Seeking Alpha One thing that we want to examine though is the company’s ability to maintain this dividend. This is especially true since the market appears to expect that the company may have to cut given the firm’s stock price performance over the past year. The usual way that we do this is by looking at the company’s distributable cash flow. The distributable cash flow of a midstream company is a non-GAAP metric that theoretically tells us the amount of cash that was generated by the company’s ordinary operations that is theoretically available to be distributed to the common stockholders. In the third quarter of 2020, ONEOK boasted a distributable cash flow of $540.9 million, an increase over the $480.9 million that the company had in the prior year quarter. This was sufficient to cover the dividend 1.30 times over. This figure is obviously above the 1.20x that analysts typically consider to be sustainable. It is only roughly in-line with the 1.30x minimum that I usually prefer to see though in order to add a certain degree of comfort. Thus, if something causes its cash flow to decline, like a sustained decline in the demand for natural gas, then the company might struggle to maintain its dividend. This does seem somewhat unlikely though for reasons that were already discussed and thus ONEOK’s dividend is probably reasonably safe. Market Performance And Opportunity As was the case with many other companies in the energy industry, ONEOK saw its stock price utterly demolished by the outbreak of the pandemic and the resultant decline in energy prices. Unlike some other natural gas-focused midstream peers such as Williams Companies (WMB), ONEOK has not since recovered: As we can see here, ONEOK’s stock price is down 45.67% in the past year while Williams has been almost flat. This appears to be somewhat unjustified. As already shown, ONEOK’s recent financial performance has generally been better than it was prior to the pandemic but the stock market appears to be discounting that. This may create an opportunity for new investors. ONEOK’s high yield and growth prospects create an attractive proposition right now to receive a high yield while we wait for the natural gas growth story to play out. At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them are not released at all) as well as far more in-depth research than we make available to everybody. In addition, all subscribers can read any of my work without a subscription to Seeking Alpha Premium! We are currently offering a two-week free trial for the service, so check us out!

Hallo SFI, kann mir leider deinen link nicht öffnen... Kann mir jemand in kurzen worten sagen, was gut klingt. ?🤔

Ja, denke es läuft und der Kurs steigt auch!

https://seekingalpha.com/article/4403007 Klingt gut, finde ich.

https://ir.oneok.com/stock-information/dividend-history

So, oneok ist heute gut gefallen, habe gut nachkaufen können, alles gut gelaufen!

Eben, freue mich immer wenn ich helfen kann

Aber auch nur aufgrund des Dips der nun wieder hoch geht. Danke für den Ansporn dazu, hat mir ein wenig Taschengeld eingespielt und relativ wenig Nerven gekostet. 😅👍

Na also, und die dividende ist geringer als deine Kursersparnis. Hat sich gelohnt, top

Euro ist auch stärker als gestern, von daher. Bin eben für 40,61$ wieder rein, also knappe 1,50$ weniger als ich gestern bekommen hab. 😉

Nun, heute ich exday kurs ohne dividende, zudem fängt der usa handel erst um 15:30uhr an. Da die aktie hauptsächlich uerber die usa laueft, hoffe ich auf tieferen kurs als gestern. Natürlich Spielt der Öl preis eine Rolle! Lasst uns dir Daumen drücken

Da heute der Energiesektor schwächelt geht es aber trotz Abschlag noch weiter runter, dann wäre mein Teilausstieg gestern ja doch gut.😁

Danke, hab ich mir fast schon gedacht 👍

Danke für die Richtigstellung 👍

Der Abschlag ist heute schon. Also ist es zu spät jetzt noch reinzugehen um Dividende zu kriegen. Und das verkaufen funktioniert nicht, also Dividende kassieren und zu dem Kurs vor dem exday verkaufen klappt nicht. Geschenktes Geld ist das nicht