ONE Gas directors this week declared a quarterly dividend of 54 cents a share of common stock.
The Tulsa-based company said the dividend will be 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. 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 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.
Source: ONE Gas
