ONE Gas Increases Quarterly Dividend
January 22, 2020
TULSA, Okla., Jan. 21, 2020 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today increased the quarterly dividend by 4 cents per share to 54 cents per share, effective for the first quarter 2020, resulting in an annualized dividend of $2.16 per share.
The dividend is payable March 6, 2020, to shareholders of record at the close of business Feb. 21, 2020.
The company expects an average annual dividend increase of 6% to 8% between 2019 and 2024, with a target dividend payout ratio of 55% to 65% of net income, all subject to its board of directors' approval.
ONE Gas, Inc....