Passive Income Gold Mine: Own This Many Oneok Shares for $1,000 in Yearly Dividends

• Oneok has a 5.6% dividend yield.

• The pipeline institution backs its high-yielding dividend with precise predictable and unchangeable currency flow.

• It aims to summation its payout by 3% to 4% per year.

• 10 stocks we similar amended than Oneok ›

Oneok (NYSE: OKE) is simply a high-octane income producer. The pipeline institution presently has a 5.6% dividend yield. That's respective times higher than the S&P 500, which lone yields astir 1.1% these days.

Here's a look astatine however galore shares of this passive income golden excavation you'd request to ain to make $1,000 of dividend income each year.

Oneok's extended pipeline operations make precise unchangeable currency travel backed chiefly by long-term, fixed-fee contracts. That enables the energy company to wage a precise predictable dividend. Oneok has delivered much than a quarter-century of dividend stableness and growth.

The pipeline institution presently pays a quarterly dividend of $1.03 per stock ($4.12 annualized). At that rate, you'd request to ain astir 243 shares to make $1,000 of yearly dividend income from Oneok. With its banal terms precocious astir $73.50 apiece, you'd request to put astir $17,840 into Oneok to nutrient $1,000 of yearly dividend income. That's considerably little than the much than $87,700 you'd request to put successful an S&P 500 scale fund to nutrient the aforesaid magnitude of yearly dividend income.

Oneok's income watercourse should steadily emergence each year. The pipeline institution boosted its payout by 4% successful aboriginal 2025. That aligns with its people of raising its dividend by 3% to 4% annually. Oneok has plentifulness of maturation coming down the pipeline. The institution is investing successful respective high-return enlargement projects, including a caller LPG export terminal and a earthy state pipeline that should participate commercialized work successful 2028. These and different maturation drivers should supply Oneok with ample substance to proceed expanding its high-yielding dividend, making it an perfect concern for passive income.

Before you bargain banal successful Oneok, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Oneok wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

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