ONE Gas Declares Quarterly Dividend

Rhea-AI Summary

ONE Gas, Inc. (NYSE: OGS) has declared a quarterly dividend of 58 cents per share, payable on Sept. 1, 2021, to shareholders of record by Aug. 13, 2021. This aligns with the annual dividend expectation of $2.32 per share for 2021, with a projected growth rate of 6% to 8% through 2025. The company maintains a target payout ratio of 55% to 65% of net income, depending on board approval. Operating as a wholly regulated natural gas utility, ONE Gas serves over 2.2 million customers across Kansas, Oklahoma, and Texas.

Positive

• Declared quarterly dividend of 58 cents per share, demonstrating strong cash flow.
• Forecasted annual dividend growth of 6% to 8% from 2020 to 2025.
• Target payout ratio of 55% to 65% of net income indicates solid management of shareholder returns.

Negative

• None.

TULSA, Okla., July 19, 2021 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today declared a quarterly dividend of 58 cents per share of common stock, payable Sept. 1, 2021, to shareholders of record at the close of business Aug. 13, 2021.

ONE Gas announced previously that it expects the quarterly dividend to be 58 cents per share in 2021, or $2.32 per share on an annualized basis, with annual dividend growth of 6% to 8% between 2020 and 2025 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-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 2.2 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 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 for ONE Gas in 2021?

ONE Gas declared a quarterly dividend of 58 cents per share for 2021.

When is the dividend payment date for ONE Gas?

The dividend payment date for ONE Gas is September 1, 2021.

How often does ONE Gas pay dividends?

ONE Gas pays dividends quarterly.

What is the projected dividend growth for ONE Gas?

ONE Gas projects an annual dividend growth of 6% to 8% between 2020 and 2025.

What is the target dividend payout ratio for ONE Gas?

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