Analysis – ONEOK Inc. Increases Dividend by 3%

OKE3

ONEOK Incorporated announced a regular quarterly dividend of $0.605 per share, a 3 percent increase from the prior rate of $0.59 per share.  The dividend will be paid at the new higher rate on February 13, 2015 to shareholders of record at close of business on January 30, 2015.

Date Quarterly Dividend
1/30/2015 0.605
10/30/2014 0.59
7/31/2014 0.575
4/28/2014 0.56
2/6/2014 0.4
10/31/2013 0.333
8/1/2013 0.333
4/26/2013 0.315
1/29/2013 0.315
11/1/2012 0.289
8/2/2012 0.289
4/26/2012 0.267
1/27/2012 0.267
11/3/2011 0.245
7/28/2011 0.245
4/27/2011 0.228
1/27/2011 0.228
10/27/2010 0.21
7/28/2010 0.201
4/28/2010 0.193
1/27/2010 0.193

Analysis of Valuation of ONEOK Inc. (Symbol OKE).

ONEOK is trading at the top of its average price/sale (P/S) range. ONEOK is trading at the top of its average dividend yield range.

Price 1/15/15 % Yield 5 Year Div. Growth Rate SPS 2015 P/S  Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
42.30 5.4% 16.5 75.60 1.01 0.14 1.01 5.4% 2.4%

ONEOK Dividend Yield Chart (Click to enlarge)

OKE3

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.

Further information on evaluating dividend growth candidates can be found

at http://seekingalpha.com/author/timothy-mcintosh/articles

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