This 4.5%-Yielding Pipeline Stock Just Made a $4.4 Billion Acquisition. Here's What It Means for the Dividend.
Oneok (OKE) is acquiring Brazos Midstream's Permian Midland assets for $4.4B, funded by a $9B investment from Apollo (APO). The deal will double OKE's processing capacity, reduce leverage, and is expected to be accretive to earnings and free cash flow. OKE aims to maintain 3-4% annual dividend growth, with potential for increases.


