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 Video: What is a Stock Split?
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| Oneok, Inc. is a midstream service provider offering gathering, processing, fractionation, transportation, storage, and marine export services. It operates in four segments: Natural Gas Gathering and Processing (serving producers in the northern and central U.S.), Natural Gas Liquids (handling NGLs in the southern and Rocky Mountain regions), Natural Gas Pipelines (transporting and storing natural gas), and Refined Products and Crude (handling refined products and crude oil, plus related commodity activities). These operations span several key U.S. regions, including North Dakota, Montana, Wyoming, Kansas, Oklahoma, Texas, New Mexico, and the Rocky Mountains. According to our ONEOK stock split history records, ONEOK has had 4 splits. | |
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ONEOK (OKE) has 4 splits in our ONEOK stock split history database. The first split for OKE took place on March 01, 1990. This was a 2 for 1
split, meaning for each share of OKE owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. OKE's second split took place on June 12, 2001. This was a 2 for 1 split, meaning for each share of OKE owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. OKE's third split took place on June 04, 2012. This was a 2 for 1 split, meaning for each share of OKE owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. OKE's 4th split took place on February 03, 2014. This was a 11422 for 10000 split, meaning for each 10000 shares of OKE owned pre-split, the shareholder now owned 11422 shares. For example, a 8000 share position pre-split, became a 9137.6 share position following the split.
When a company such as ONEOK splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ONEOK stock split history from start to finish, an original position size of 1000 shares would have turned into 9137.6 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ONEOK shares, starting with a $10,000 purchase of OKE, presented on a split-history-adjusted basis factoring in the complete ONEOK stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$45.37 |
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| End price/share: |
$108.66 |
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| Starting shares: |
220.41 |
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| Ending shares: |
416.24 |
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| Dividends reinvested/share: |
$33.38 |
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| Total return: |
352.29% |
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| Average Annual Total Return: |
16.30% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$45,231.17 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$45.37 |
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| End price/share: |
$108.66 |
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| Dividends collected/share: |
$33.38 |
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| Total return: |
213.08% |
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| Average Annual Total Return: |
12.10% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,317.30 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 03/01/1990 | 2 for 1
| | 06/12/2001 | 2 for 1 | | 06/04/2012 | 2 for 1 | | 02/03/2014 | 11422 for 10000 |
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