OGE Energy Corp. increases annual dividend by 4% to $1.61 per share

Rhea-AI Summary

OGE Energy Corp. (NYSE: OGE) has announced a 4% increase in its quarterly dividend, raising it from $0.3875 to $0.4025 per share, which equates to an annual dividend of $1.61. This increase, effective in the fourth quarter of 2020, reflects the company's strong operational execution and marks the 14th consecutive year of dividend growth. Shareholders will receive the payment on October 30, 2020, with a record date set for October 13, 2020.

Positive

• Dividend increased from $0.3875 to $0.4025 per share.
• Represents a growth of approximately 4%.
• Annual dividend now totals $1.61 per share.
• 14th consecutive year of dividend growth.

Negative

• None.

OKLAHOMA CITY, Sept. 28, 2020 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) announced today that its Board of Directors has approved an increase in the company's quarterly dividend to $0.4025 per share from $0.3875 per share, which represents growth of approximately 4 percent and equates to $1.61 per share annually.

The increase is effective with the fourth quarter 2020 dividend and will be paid Oct. 30, 2020, to shareholders of record Oct. 13, 2020.

"Strong operational execution at the utility has enabled us to increase our dividend for the 14^th consecutive year," said Sean Trauschke, Chairman, President and CEO of OGE Energy. "We realize many of our shareholders count on our dividend for income, and I am grateful for the hard work and dedication of our members to provide value to our shareholders during these difficult times."

OGE Energy is the parent company of OG&E, a regulated electric utility serving approximately 863,000 customers in Oklahoma and Western Arkansas. In addition, OGE holds 25.5 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP.

CLASS OF STOCK:	OGE Energy Corp. Common
DIVIDEND PER SHARE:	$0.4025
RECORD DATE:	10/13/20
PAYMENT DATE:	10/30/20

 

View original content:http://www.prnewswire.com/news-releases/oge-energy-corp-increases-annual-dividend-by-4-to-1-61-per-share-301139105.html

SOURCE OGE Energy Corp.

FAQ

What is the new dividend amount for OGE Energy Corp?

The new dividend amount is $0.4025 per share.

When will OGE Energy Corp's dividend be paid?

The dividend will be paid on October 30, 2020.

What is the record date for OGE Energy Corp's dividend?

The record date for the dividend is October 13, 2020.

How much has OGE Energy Corp increased its dividend?

OGE Energy Corp has increased its dividend by approximately 4%.

How many consecutive years has OGE Energy Corp increased its dividend?

OGE Energy Corp has increased its dividend for the 14th consecutive year.