ONE Gas Announces Dividend for Shareholders
The board of directors of ONE Gas, Inc. (NYSE: OGS) has declared a quarterly dividend of 67 cents per share of common stock. This dividend is set to be payable on an upcoming date to shareholders who are recorded at the close of business within a few days prior. The company’s steady commitment to dividends reflects its financial stability and strategic planning.
Dividend Growth Expectations
ONE Gas has previously communicated that it anticipates maintaining the quarterly dividend rate at 67 cents per share for the current year, translating to an annualized payout of $2.68 per share. This projection aligns with an expected average annual growth rate of 1% to 2% through 2029. It highlights the company’s dedication to rewarding shareholders while maintaining a sustainable target dividend payout ratio of about 55% to 65% of net income, pending board approval.
Understanding ONE Gas and Its Operations
Operating under the ticker symbol 'OGS' on the New York Stock Exchange, ONE Gas, Inc. stands as a fully regulated natural gas utility. It has established itself as one of the prominent gas utilities in the market, being included in the S&P MidCap 400 Index. The operations of ONE Gas encompass a vast network that provides services to over 2.3 million customers across multiple states.
Customer Base and Service Areas
Headquartered in Tulsa, Oregon, the company prides itself on delivering reliable and affordable energy solutions to a diverse customer segment, which spans across Kansas, Oklahoma, and Texas. Its divisions include Kansas Gas Service, recognized as the largest natural gas distributor in Kansas, along with Oklahoma Natural Gas and Texas Gas Service, which also hold major market positions in their respective states.
Staying Informed about ONE Gas
For those interested in the latest updates and news concerning ONE Gas, the company encourages following its activities through various social media platforms. Engaging with customers and stakeholders keeps the community informed about new developments, service offerings, and corporate initiatives.
Contacting ONE Gas
Individuals seeking further information regarding their services or corporate announcements can reach out to their designated communications team for assistance. The company aims to maintain open channels of communication with both its customers and the media, ensuring a transparent relationship.
Frequently Asked Questions
What is the recent dividend declared by ONE Gas?
ONE Gas has declared a quarterly dividend of 67 cents per share of common stock.
When will the dividend be paid out?
The dividend will be payable on a specific upcoming date to shareholders of record prior to that date.
How much do they expect the dividend to grow?
They expect an average annual dividend growth rate of 1% to 2% through 2029.
What is the target payout ratio for dividends?
ONE Gas aims for a target ratio of approximately 55% to 65% of net income for dividend payouts.
What regions does ONE Gas service?
ONE Gas serves customers in Kansas, Oklahoma, and Texas through its various divisions.
