3 Dividend Stocks That Are Minting Money
The U.S. has the largest energy pipeline system in the world, boasting a stunning 2.4 million miles of pipe. The companies that control these energy toll roads make a mint each year as they ensure that we get a steady supply of gasoline to fill our cars and natural gas to heat our homes. In fact, several of them pull in more than $1 billion in free cash flow each year, including ONEOK (NYSE: OKE), Williams Partners (NYSE: WPZ) and Plains All American Pipeline (NYSE: PAA), giving them plenty of money to pay dividends to investors.
ONEOK currently controls a 38,000-mile network of primarily natural gas and natural gas liquids (NGLs) pipelines, mainly in the central part of the country. The company typically gets paid a fee as volumes flow through those lines as well as its processing plants and storage facilities, with about 90% of its earnings coming from stable fee-generating sources. Those assets are like a printing press of cash flow for the company, with it expecting to pull in between $1.28 billion to $1.44 billion in distributable cash flow (DCF) this year, which is money it could send to investors via dividends.
Image source: Getty Images.
Source: Fool.com
Oneok Inc. Stock
We see a rather positive sentiment for Oneok Inc. with 14 Buy predictions and 2 Sell predictions.
As a result the target price of 79 € shows a slightly positive potential of 4.57% compared to the current price of 75.55 € for Oneok Inc..
