How Much Debt Does ONEOK Carry? The combined company, with an enterprise value of more than $30 billion, will continue to operate as one of the nation’s largest midstream service providers. ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider in the United States connecting prolific supply basins with key market centers. Today we'll take a closer look at ONEOK, Inc. from a dividend investor's perspective.Owning a strong business and reinvesting the dividends is widely … The company generated an excess distributable cash flow of $558 million over the $1.5 billion it paid in dividends in 2019. ONEOK, Inc. (pronounced "One-Oak") is a diversified Fortune 500 corporation based in Tulsa, Oklahoma. ONEOK's Direct Stock Purchase and Dividend Reinvestment Plan provides new investors and current shareholders a convenient way to purchase ONEOK common stock and to reinvest cash dividends. Looking at the data, we can see that 117% of ONEOK's profits were paid out as dividends in the last 12 months. For more information or to enroll in the Plan, call 1-866-235-0232 or write: It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. On June 30, 2017, ONEOK, Inc. completed the acquisition of all outstanding common units of ONEOK Partners, L.P. it did not previously own. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. ONEOK's per share dividends grew by an impressive 8.8% in 2019 over 2018. ONEOK, Inc. engages in gathering, processing, fractionating, transporting, storing, and marketing of natural gas. A payout ratio above 100% is definitely an item of concern, unless there are some other circumstances that would justify it. ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation’s premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets. You can click the graphic below for the historical numbers, but it shows that as of June 2019 ONEOK had US$11.3b of … What does ONEOK, Inc.(OKE) do ?