5 Reasons This 5.2%-Yielding Dividend Stock Is a Buy Heading Into 2020
ONEOK's (NYSE: OKE) growth engine sputtered during the third quarter. While the energy company's cash flow rose about 2% year over year, earnings slipped less than 1%, mainly due to weakness in its natural gas liquids (NGLs) segment.
That slowdown, however, is just a temporary bump in the road, which was one of the clear takeaways from the company's third-quarter conference call. Overall, the company's management team pointed out five reasons why its growth rate will speed up heading into 2020. That upcoming acceleration should give the company plenty of fuel to keep growing its 5.2%-yielding dividend at an above-average rate.
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Source Fool.com
