EOG vs OKE: Dividend Comparison
Dividend data as of
Eog Resources Inc (EOG) and Oneok Inc /New/ (OKE) are both in the Energy sector, making them natural rivals for dividend investors. OKE offers a significantly higher 4.94% yield compared to EOG's 3.50%, a gap of 1.44%. For dividend growth, OKE leads with a 5-year CAGR of 10.1% versus EOG's -1.8%. EOG holds the edge in dividend safety with a "Safe" rating.
Verdict
Yield Analysis
OKE yields 1.44% more than EOG. In dollar terms, EOG pays $3.94/share vs OKE's $4.12/share annually.
Dividend Growth
EOG: Dividend growth is slowing — the 3-year CAGR of -10.9% trails the 5-year rate of -1.8% and the 10-year rate of 25.7%.
OKE: Dividend growth is accelerating — the 3-year CAGR of 19.9% exceeds the 5-year rate of 10.1% and the 10-year rate of 9.3%.
Dividend Safety
EOG: The payout ratio of 38% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.6x.
OKE: The payout ratio of 75% is moderate. The dividend is currently covered by earnings but leaves less room for growth. Earnings cover the dividend 1.3x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in EOG vs OKE today?
At $120.62 per share, $10,000 buys about 82.9 shares of Eog Resources Inc (EOG). Each share pays $3.94 per year in dividends, so the position starts out generating roughly $327 per year — about $27 a month.
At $86.11 per share, $10,000 buys about 116.1 shares of Oneok Inc /New/ (OKE). Each share pays $4.12 per year in dividends, so the position starts out generating roughly $478 per year — about $40 a month.
OKE is the larger income stream from day one: $151 per year more on the same $10,000 invested.
What could $10,000 of EOG or OKE income look like in 10 years?
Eog Resources Inc (EOG)'s dividend has shrunk about 1.8% a year over the past five years. If that trend continued, today's $350 per year on $10,000 (at the current 3.50% yield) would fall to $292 per year by 2036.
Oneok Inc /New/ (OKE) has raised its dividend about 10.1% a year over the past five years. If that pace held, the $494 per year that $10,000 generates today at the current 4.94% yield would reach $1,291 per year by 2036 — a 12.9% yield on the original cost.
On those trailing rates, OKE pays more in 2036: $1,291 versus $292 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would EOG's dividend growth overtake OKE's higher yield?
It doesn't, on the trailing numbers. Oneok Inc /New/ (OKE) yields more today (4.94% vs 3.50%) and has also grown its dividend at least as fast (10.1% vs -1.8% a year over five years). Unless EOG accelerates its raises or OKE stumbles, EOG never closes the income gap — OKE wins on both current income and growth.
Can EOG and OKE afford their dividends?
Eog Resources Inc (EOG) earns $10.07 per share against $3.94 paid out in dividends — 2.6x coverage (a 38% payout ratio).
Oneok Inc /New/ (OKE) earns $5.44 per share against $4.12 paid out in dividends — 1.3x coverage (a 75% payout ratio).
EOG's wider coverage leaves more cushion if earnings dip. As a rule of thumb, coverage below about 1.5x (a payout ratio above ~65%) is where a dividend starts to look stretched — worth watching for OKE if earnings weaken.
Which fits an early-retirement income portfolio better, EOG or OKE?
For income you need right now, Oneok Inc /New/ (OKE) leads: $100,000 invested today pays about $411 a month at the current 4.94% yield, versus $292 a month from Eog Resources Inc (EOG) at 3.50%.
OKE also leads on dividend growth (10.1% vs -1.8% a year over five years), so the trailing numbers favor it on both fronts.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $413/yr in EOG vs $2,090/yr in OKE by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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