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ONE Gas Announces Dividend Increase and Strategy
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ONE Gas Announces Dividend Increase and Strategy

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Invest with Confidence:

ONE Gas ( (OGS) ) has shared an update.

On January 21, 2025, ONE Gas announced an increase in its quarterly dividend by 1 cent, bringing it to 67 cents per share, payable on March 7, 2025, to shareholders recorded by February 21, 2025. This decision reflects the company’s financial strategy, aiming for an average annual dividend growth of 1% to 2% through 2029, with a target payout ratio of 55% to 65% of net income, indicating a stable financial outlook for stakeholders.

More about ONE Gas

ONE Gas, Inc. (NYSE: OGS) is a fully regulated natural gas utility that operates as one of the largest in the United States, serving over 2.3 million customers across Kansas, Oklahoma, and Texas. The company, headquartered in Tulsa, Oklahoma, is part of the S&P MidCap 400 Index and includes divisions such as Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service.

YTD Price Performance: 6.41%

Average Trading Volume: 408,602

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $4.12B

For a thorough assessment of OGS stock, go to TipRanks’ Stock Analysis page.

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