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

Core Viewpoint - Oneok is highlighted as an attractive passive income investment due to its high dividend yield and stable cash flow from long-term contracts [1][3]. Group 1: Dividend and Income Generation - Oneok currently offers a dividend yield of 5.6%, significantly higher than the S&P 500's yield of approximately 1.1% [1]. - The company pays a quarterly dividend of $1.03 per share, which annualizes to $4.12 [4]. - To generate $1,000 in annual dividend income, an investor would need to own about 243 shares, requiring an investment of roughly $17,840 at a stock price of $73.50 [4]. Group 2: Financial Performance and Growth - Oneok has a market capitalization of $47 billion and a gross margin of 19.10% [6]. - The company has a history of over 25 years of dividend stability and growth, with a recent 4% increase in its payout [3][6]. - Oneok aims to increase its dividend by 3% to 4% annually, supported by ongoing investments in high-return expansion projects, including a new LPG export terminal and a natural gas pipeline expected to be operational by 2028 [6].