ONEOK: Deleveraging Likely To Limit Dividend Growth

abadonian Shares of ONEOK (NYSE:OKE) have been a solid performer over the past year, gaining about 10%. This return has lagged the S&P 500, but it is higher than the 7% rally in the MLP ETF (MLPA), comprised of ONEOK's peers. While its underlying business is performing well, its dividend growth is likely to be modest, particularly with deleveraging a focus after its acquisition of Magellan this year. As a consequence, I believe there are better opportunities for income-oriented investors. Seeking Alpha ONEO ...