ONEOK: A Solid Distribution Play With A 5% Yield

Christine_Kohler/iStock via Getty ImagesONEOK (NYSE:OKE) is a leading midstream service provider with an extensive natural gas pipeline network. ONEOK is seeing strong volume momentum across its business segments, in part due to the acquisition of Magellan Midstream Partners last year, which has translated into a boost to the company's EBITDA as well. ONEOK submitted a strong EBITDA outlook for FY 2023 and the midstream firm looks back on a quarter of a century of very solid dividend growth. I believe O ...