7% Yield, Guidance Up, 15%-20% Growth In 2021, No K-1

We started covering ths stock back in late October 2020. It was still down in the high $20s. Since then, it has had a great run, delivering a total return of 94.42%, including its quarterly distributions. It yields 6.9%, with rising 1.59X dividend coverage in Q1 '21. Management increased 2021 guidance - adjusted EBITDA up 17.5%, DCF up 21.7%. Q1 '21 EBITDA up 24%, DCF up 27%, revenue up 50%.

Oneok Inc. (OKE) engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids - NGL, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

Source: Seeking Alpha

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