ONEGAS approves increased dividend

(PRNewsfoto/ONE Gas, Inc.)

 

The board of directors of ONE Gas, Inc. on Tuesday increased the dividend for the first quarter 2025 by 1 cent per share to 67 cents per share, resulting in an annualized dividend of $2.68 per share.

The dividend is payable March 7, 2025, to shareholders of record at the close of business Feb. 21, 2025.

The company expects an average annual dividend increase of 1% to 2% through 2029, with a target dividend payout ratio of approximately 55% to 65% of net income, subject to approval by the board of directors.

Headquartered in Tulsa, Oklahoma, ONE Gas provides natural gas service 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.