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

Oneok is an ideal passive income investment.Oneok (OKE +1.14%) is a high-octane income producer. The pipeline company currently has a 5.6% dividend yield. That's several times higher than the S&P 500, which only yields about 1.1% these days. Here's a look at how many shares of this passive income gold mine you'd need to own to generate $1,000 of dividend income each year. A passive income machineOneok's extensive pipeline operations generate very stable cash flow backed primarily by long-term, fixed-fee con ...