ONE Gas Declares Quarterly Dividend of 66 Cents

By Tamara Parker • Tuesday, July 16 15:17 • Permanent Link

One Gas, Inc. (NYSE: OGS) has declared a quarterly dividend of 66 cents per share of common stock, which is consistent with its previous announcement for 2024. This translates to an annualized dividend of $2.64 per share. The company has also set an average annual dividend growth target of 1% to 2% through 2028.

One Gas aims for a target dividend payout ratio of approximately 55% to 65% of net income, subject to approval by its board of directors. The company is a 100% regulated natural gas utility and is listed on the New York Stock Exchange under the symbol "OGS." It is included in the S&P MidCap 400 index and serves over 2.3 million customers in Kansas, Oklahoma, and Texas.

Headquartered in Tulsa, Oklahoma, One Gas operates through its divisions including 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. Following these announcements, the company's shares moved 3.3%, and are now trading at a price of $68.42. If you want to know more, read the company's complete 8-K report here.

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