ONE Gas Increases Quarterly Dividend

Rhea-AI Summary

ONE Gas, Inc. (NYSE: OGS) has increased its quarterly dividend by 4 cents to 62 cents per share, resulting in an annualized dividend of $2.48. The dividend is payable on March 11, 2022, to shareholders recorded by the close of business on February 25, 2022. The company anticipates an average annual dividend growth of 6% to 8% through 2026, with a dividend payout ratio target of 55% to 65% of net income, subject to board approval. ONE Gas serves over 2.2 million customers in Kansas, Oklahoma, and Texas.

Positive

• Quarterly dividend increased by 4 cents to 62 cents per share, representing a $2.48 annualized dividend.
• Projected annual dividend growth of 6% to 8% through 2026.
• Stable customer base with over 2.2 million served across three states.

Negative

• None.

TULSA, Okla., Jan. 18, 2022 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today increased the dividend for the first quarter 2022 by 4 cents per share to 62 cents per share, resulting in an annualized dividend of $2.48 per share.  

The dividend is payable March 11, 2022, to shareholders of record at the close of business Feb. 25, 2022.

The company expects an average annual dividend increase of 6% to 8% through 2026, with 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% 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 new dividend amount for ONE Gas (OGS)?

The new dividend amount for ONE Gas (OGS) is 62 cents per share.

When is the dividend payment date for ONE Gas (OGS)?

The dividend payment date for ONE Gas (OGS) is March 11, 2022.

What is ONE Gas (OGS) expected to increase its dividends by over the next few years?

ONE Gas (OGS) expects to increase its dividends by an average of 6% to 8% annually through 2026.

What is the target dividend payout ratio for ONE Gas (OGS)?

The target dividend payout ratio for ONE Gas (OGS) is between 55% to 65% of net income.