OGE Energy hikes dividend by 6.2%
OGE Energy Corp. (OGE) will raise its quarterly dividend by 6.2 percent to $0.3875 per share in 2019. This marks the 13th consecutive annual dividend increase by the utility company.
The next dividend will be paid October 30, 2019, to shareholders of record October 10, 2019. The new annual rate of $1.55 per share yields 3.5% at a stock price of $44.66.
"With this increase, we continue to honor our commitment to our shareholders to grow our dividend in both a meaningful and sustainable way," said Sean Trauschke, Chairman, President and CEO of OGE Energy. "This sustained dividend growth is due, in large part, to the continued growth in our Enable Midstream investment and comes on the heels of billions of dollars in capital investments at OG&E that were completed while holding customer rates essentially flat. It's a testament to the hard work and dedication of our great people."
OGE Energy is the parent company of OG&E, a regulated electric utility customers in Oklahoma and Western Arkansas. In addition, OGE holds 25.6 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP (ENBL).
The next dividend will be paid October 30, 2019, to shareholders of record October 10, 2019. The new annual rate of $1.55 per share yields 3.5% at a stock price of $44.66.
"With this increase, we continue to honor our commitment to our shareholders to grow our dividend in both a meaningful and sustainable way," said Sean Trauschke, Chairman, President and CEO of OGE Energy. "This sustained dividend growth is due, in large part, to the continued growth in our Enable Midstream investment and comes on the heels of billions of dollars in capital investments at OG&E that were completed while holding customer rates essentially flat. It's a testament to the hard work and dedication of our great people."
OGE Energy is the parent company of OG&E, a regulated electric utility customers in Oklahoma and Western Arkansas. In addition, OGE holds 25.6 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP (ENBL).