WE RECENTLY PURCHASED THE FOLLOWING
ONEOK PARTNERS L P (OKS)
Purchased 12 shares of OKS on 6/4/2015 at $37.98
$37.92 added to annual dividends
ONEOK PARTNERS L P (OKS)
Purchased 12 shares of OKS on 6/4/2015 at $37.98
$37.92 added to annual dividends
We've been watching Oneok Partners L P (OKS) for a few months now. Today, the market provided us with an opportunity to add another company to our family's dividend stocks portfolio.
OKS currently has a great yield at 8.42% and a decent 9 year history of consecutive dividend increase, but looking at the payout ratio, one has to be concerned that OKS can not keep up the increases for much longer. With that said, I am buying in with the notion that there may not be more raises in the coming future, and hopefully no decreases. :)
All in all, we are happy to be shareholders at today's discounted prices. With our purchase of Oneok Partners L P (OKS) today, our family's dividend stocks portfolio now holds a total of 39 different dividend paying stocks/ETFs in the portfolio. Our estimated forward dividends grew another $37.92, putting our yearly dividends at approximately $2,872/year (excluding our Edwards Jones account) and $3,254/year (including our Edward Jones account).
Our family's dividend stocks portfolio may be found
by clicking on the link below:
We also maintain an extensive list of stock analysis
that can be access through the link below:
We also just started a list of Recent Buys by other bloggers
that can be access through the link below:
HERE IS A QUICK FACT SHEET FOR THE STOCK JUST PURCHASED:
ONEOK PARTNERS L P (OKS)
P/E: 21.56
Payout Ratio: 198.7%
Dividend Yield: 8.42%
9 consecutive years of dividend increases
Last Ex-dividend date: 4/28/2015
Payout Ratio: 198.7%
Dividend Yield: 8.42%
9 consecutive years of dividend increases
Last Ex-dividend date: 4/28/2015
Next Ex-dividend date: approx. - 7/28/2015
Have paid a dividend since: 1994 (21 years)
Pays a dividend 4 times a year.
Market Cap: 9.5 Billion
52-week high: $59.67
52-week low: $36.67
Purchased Price: $37.92
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 1994 (21 years)
Pays a dividend 4 times a year.
Market Cap: 9.5 Billion
52-week high: $59.67
52-week low: $36.67
Purchased Price: $37.92
What are your thoughts about my recent purchase?
What are you buying?
I was just thinking about investigating OKS and OKE. I like the pipeline companies since theyre quasi toll roads and KMI is my only exposure there. Any reason you went with OKS over OKE? Prefer the higher yield now over the growth potential? I think my preference is towards OKE because they're the GP in the business structure and that helps to simplify things.
ReplyDeleteHonestly PIP, I could have went with either one. I just figured that if I went with OKS, in case there is a freeze (or worse a cut) in dividends, the resulting dividends should still be justifiable. Both seem to be a great value at the moment. :)
DeleteThanks for stopping by...best wishes! AFFJ
Seems like OKE/OKS are both popular these days. I just dont like their charts right now. As dividend investors, stock charts dont mean as much but still.
ReplyDeleteI recently wrote a post on APU. Have you looked into this one at all? Just curious what your thoughts are! Thanks!
Adam - I take a quick glance at the charts just to see where the prices have been but the charts generally don't weight much into my decision to buy a company. I like to evaluate the risk vs. reward factors (yield, payout ratio, growth history, P/E, market cap, and of course any recent news I could find.
DeleteWith the above said, APU, doesn't look like a stock I would buy at the moment. Although it has some of the same characteristics as OKS, the stock price still seems a bit high to me. If I am going to take on some risk, I want to buy the company at a deeper discount. :)
Thanks for stopping by. Enjoy the rest of your weekend my friend. AFFJ
The best part about trading groups is that the members goals are aligned with the goals of the website. Free stock pick websites align their goals with the insiders of the stocks
ReplyDeleteStocks to buy today