ONEOK: Where Dividends Flow Like Oil - A 4.2% Yield You Can't Miss

ONEOK stands out in the S&P 500 dividend space with a 4.2% yield, consistent dividend history, and >10% annual EPS growth.
The company's narrow-moat business model and essential pipeline infrastructure underpin its resilience and growth potential.
Despite some questionable filters in its self-presentation, ONEOK's strategic positioning and solid financial metrics make it a compelling high-yield investment.
Valuation remains attractive with a $123 stock price target, suggesting a 32% upside potential.

OlyaSolodenko/iStock via Getty Images

Introduction

What's the best S&P 500 dividend stock?

Although it depends on who you ask, ONEOK, Inc. (OKE) believes it offers "A Unique Investment Opportunity." In this case, I'm quoting page 15 of its 3Q24 investor presentation, where the company

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