Oneok (NYSE: OKE) made a bold move in May, agreeing to acquire Magellan Midstream Partners (NYSE: MMP) in an $18.8 billion transaction. While Magellan isn't the greatest strategic fit since it focuses on oil and refined products while Oneok concentrates on natural gas and related liquids, the megadeal will significantly enhance Oneok's earnings and free cash flow. And that means the pipeline company could have lots of fuel to grow its dividend, which already yields an attractive 5.9%.

Oneok has been a solid dividend stock over the years. The pipeline giant has delivered over a quarter century of dividend stability and growth:

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Source Fool.com