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    Oklahoma gas utility raises Q1 dividend

Summary

ONE Gas expects to increase its dividends by 6-8% annually through to 2026, with the goal of paying out 55-65% of net income by that year.

by: Joseph Murphy

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Oklahoma gas utility raises Q1 dividend

The board at Oklahoman gas utility ONE Gas on January 18 approved an increased dividend for the first quarter of 2022 of $0.62/share, up from a previous $0.58.

The dividend will be issued to shareholders on March 11, 2022.  ONE Gas expects to increase its dividends by 6-8% annually through to 2026, with the goal of paying out 55-65% of net income by that year, pending approval by the board.

Listed on the New York stock exchange, ONE Gas supplies energy to over 2.2mn customers in Kansas, Oklahoma and Texas.