ONE Gas Declares Quarterly Dividend

Rhea-AI Summary

ONE Gas, Inc. (NYSE: OGS) has declared a quarterly dividend of 54 cents per share, payable on Sept. 1, 2020, to shareholders of record by Aug. 14, 2020.

The annualized dividend for 2020 is projected at $2.16 per share, with expected growth of 6% to 8% from 2019 to 2024. The company aims for a dividend payout ratio of 55% to 65% of net income, subject to board approval. ONE Gas serves over 2 million customers across Kansas, Oklahoma, and Texas, and is a prominent player in the regulated natural gas utility sector.

Positive

• Declared a quarterly dividend of 54 cents per share, providing income for shareholders.
• Projected annual dividend growth of 6% to 8% through 2024, indicating company confidence.
• Target payout ratio of 55% to 65% of net income aligns with steady earnings.

Negative

• None.

TULSA, Okla., July 20, 2020 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today declared a quarterly dividend of 54 cents per share of common stock, payable Sept. 1, 2020, to shareholders of record at the close of business Aug. 14, 2020.

ONE Gas announced previously that it expects the quarterly dividend to be 54 cents per share in 2020, or $2.16 per share on an annualized basis, with annual dividend growth of 6% to 8% between 2019 and 2024 and a target dividend payout ratio of 55% to 65% of net income, all 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.

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-declares-quarterly-dividend-301096397.html

SOURCE ONE Gas, Inc.

FAQ

What is the dividend amount declared by ONE Gas for Q3 2020?

ONE Gas declared a quarterly dividend of 54 cents per share.

When is the dividend payable for ONE Gas?

The dividend is payable on September 1, 2020.

What is the expected annual dividend for ONE Gas in 2020?

The expected annual dividend for 2020 is $2.16 per share.

What is the dividend growth forecast for ONE Gas until 2024?

ONE Gas anticipates annual dividend growth of 6% to 8% between 2019 and 2024.

What is ONE Gas's target dividend payout ratio?

The target dividend payout ratio is between 55% and 65% of net income.