How To Earn $500 A Month From ONEOK Stock Ahead Of Q2 Earnings

Group 1 - ONEOK is set to release its second-quarter earnings results on August 4, with analysts expecting earnings of $1.33 per share and revenue of $8.33 billion, up from $4.89 billion a year earlier [1] - The company currently offers an annual dividend yield of 5.02%, with a quarterly dividend of $1.03 per share, totaling $4.12 annually [2] - To achieve a monthly dividend income of $500, an investor would need to own approximately 1,456 shares, equating to a total investment of about $119,552 [3] Group 2 - For a more conservative monthly income goal of $100, an investor would need 291 shares, requiring an investment of approximately $23,894 [3] - The dividend yield can fluctuate based on changes in the stock price and dividend payments, affecting the overall return for investors [4][6] - ONEOK's shares experienced a slight decline of 0.1%, closing at $82.11 [6] Group 3 - Analyst J.R. Weston from Raymond James maintained an Outperform rating for ONEOK but lowered the price target from $115 to $110 [7]