ONE Gas Increases Quarterly Dividend
ONE Gas, Inc. (NYSE: OGS) announced a dividend increase of 4 cents per share, raising the quarterly dividend to 58 cents, resulting in an annualized dividend of $2.32.
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Rhea-AI Summary
ONE Gas, Inc. (NYSE: OGS) announced a dividend increase of 4 cents per share, raising the quarterly dividend to 58 cents, resulting in an annualized dividend of $2.32. The dividend is set to be paid on March 5, 2021, to shareholders on record by February 19, 2021. The company anticipates an average annual dividend increase of 6% to 8% from 2020 to 2025, targeting a payout ratio of 55% to 65% of net income, subject to board approval. ONE Gas is a regulated natural gas utility serving over 2 million customers across Kansas, Oklahoma, and Texas.
Positive
- Dividend increase of 4 cents per share to 58 cents.
- Annualized dividend now $2.32 per share.
- Expected average annual dividend increase of 6% to 8% from 2020 to 2025.
Negative
- None.
Details
News Market Reaction – OGS
The recorded move for OGS in the trading session of this news was -0.49%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TULSA, Okla., Jan. 19, 2021 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today increased the dividend for the first quarter 2021 by 4 cents per share to 58 cents per share, resulting in an annualized dividend of
The dividend is payable March 5, 2021, to shareholders of record at the close of business Feb. 19, 2021.
The company expects an average annual dividend increase of
ONE Gas, Inc. (NYSE: OGS) is a
ONE Gas, headquartered in Tulsa, Oklahoma, provides natural gas distribution services to more than 2 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, visit the website at www.onegas.com.
Analyst Contact: Brandon Lohse
918-947-7472
Media Contact: Leah Harper
918-947-7123
View original content:http://www.prnewswire.com/news-releases/one-gas-increases-quarterly-dividend-301211176.html
SOURCE ONE Gas, Inc.
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