ONE Gas Declares Quarterly Dividend

ONE Gas (NYSE: OGS) has declared a quarterly dividend of 66 cents per share of common stock, payable on Aug. 30, 2024, to shareholders of record as of Aug. 14, 2024.

Rhea-AI Summary

ONE Gas (NYSE: OGS) has declared a quarterly dividend of 66 cents per share of common stock, payable on Aug. 30, 2024, to shareholders of record as of Aug. 14, 2024. The company previously announced its expectation to maintain this quarterly dividend throughout 2024, resulting in an annualized dividend of $2.64 per share. ONE Gas projects an average annual dividend growth of 1% to 2% through 2028, with a target dividend payout ratio of 55% to 65% of net income, subject to board approval. As a 100% regulated natural gas utility, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas, and is included in the S&P MidCap 400 Index.

Positive

• Declared quarterly dividend of $0.66 per share
• Projected average annual dividend growth of 1-2% through 2028
• Target dividend payout ratio of 55-65% of net income
• Inclusion in S&P MidCap 400 Index
• Large customer base of over 2.3 million across three states

Negative

• None.

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News Market Reaction – OGS

The recorded move for OGS in the trading session of this news was +3.09%.

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TULSA, Okla., July 15, 2024 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today declared a quarterly dividend of 66 cents per share of common stock, payable Aug. 30, 2024, to shareholders of record at the close of business Aug. 14, 2024.

ONE Gas announced previously that it expects the quarterly dividend to be 66 cents per share in 2024, or $2.64 per share on an annualized basis, with an average annual dividend growth of 1% to 2% through 2028, and a target dividend payout ratio of approximately 55% to 65% of net income, subject to its board of directors' approval.

ONE Gas, Inc. (NYSE: OGS) is a 100% regulated natural gas utility, and trades on the New York Stock Exchange under the symbol "OGS." ONE Gas is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States.

Headquartered in Tulsa, Oklahoma, ONE Gas provides a reliable and affordable energy choice to more than 2.3 million customers in Kansas, Oklahoma and Texas. Its divisions include Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas, in terms of customers.

For more information and the latest news about ONE Gas, visit onegas.com and follow its social channels: @ONEGas, Facebook, LinkedIn and YouTube.

Analyst Contact:	Erin Dailey
	918-947-7411
Media Contact:	Leah Harper
	918-947-7123

 

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SOURCE ONE Gas, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the quarterly dividend amount declared by ONE Gas (OGS) for Q3 2024?

ONE Gas (OGS) has declared a quarterly dividend of 66 cents per share for Q3 2024.

When is the payment date for ONE Gas (OGS) Q3 2024 dividend?

The payment date for ONE Gas (OGS) Q3 2024 dividend is August 30, 2024.

What is the record date for ONE Gas (OGS) Q3 2024 dividend?

The record date for ONE Gas (OGS) Q3 2024 dividend is August 14, 2024.

What is ONE Gas (OGS) projected annual dividend growth rate through 2028?

ONE Gas (OGS) projects an average annual dividend growth rate of 1% to 2% through 2028.

What is ONE Gas (OGS) target dividend payout ratio?

ONE Gas (OGS) has a target dividend payout ratio of approximately 55% to 65% of net income.