Friday Is Your Last Chance To Buy ONEOK Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
ONEOK (NYSE:OKE) has announced a quarterly dividend of 95.5 cents per share, to be paid out on August 14, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 26, 2023 | 2:46 pm
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ONEOK's announcement of a 95.5 cents per share dividend may lead to increased buying before the ex-dividend date, potentially boosting the stock price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
The announcement of a dividend often leads to increased buying as investors seek to qualify for the payout, potentially boosting the stock price in the short term. However, stocks typically trade lower on the ex-dividend date to reflect the payout, which could offset any short-term gains.
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