ONE Gas Declares Quarterly Dividend

Rhea-AI Summary

ONE Gas, Inc. (NYSE: OGS) has declared a quarterly dividend of 62 cents per share, payable on Sept. 1, 2022, to shareholders of record as of Aug. 15, 2022. This dividend is part of a projected annual dividend growth of 6% to 8% through 2026, aiming for a payout ratio of 55% to 65% of net income, pending board approval. Operating as a 100% regulated natural gas utility, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas, showcasing its position as a leading utility provider.

Positive

• Quarterly dividend of 62 cents per share announced.
• Projected annual dividend growth of 6% to 8% through 2026.
• Target payout ratio of 55% to 65% of net income.

Negative

• None.

TULSA, Okla., July 18, 2022 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today declared a quarterly dividend of 62 cents per share of common stock, payable Sept. 1, 2022, to shareholders of record at the close of business Aug. 15, 2022.

ONE Gas announced previously that it expects the quarterly dividend to be 62 cents per share in 2022, or $2.48 per share on an annualized basis, with annual dividend growth of 6% to 8% through 2026, and a target dividend payout ratio of 55% to 65% of net income, subject to its board of directors' approval.

ONE Gas, Inc. (NYSE: OGS) is a 100-percent 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:	Brandon Lohse
	918-947-7472
Media Contact:	Leah Harper
	918-947-7123

 

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SOURCE ONE Gas, Inc.

FAQ

What is the dividend amount declared by ONE Gas for Q3 2022?

ONE Gas declared a dividend of 62 cents per share for Q3 2022.

When is the payment date for the latest ONE Gas dividend?

The payment date for the latest dividend is September 1, 2022.

What is the projected annual dividend growth for ONE Gas?

ONE Gas projects an annual dividend growth of 6% to 8% through 2026.

What is the target payout ratio for ONE Gas dividends?

ONE Gas targets a payout ratio of 55% to 65% of net income.