OGE Energy hikes dividend by 1%
On September 27, 2022, OGE Energy Corp. (OGE) declared a new quarterly dividend of $0.4141 per share, up 1% from the previous quarterly dividend. This will mark the 16th consecutive annual dividend increase by the utility company.
The next OGE dividend will paid on October 28, 2022, to shareholders of record on October 11, 2022. The new dividend yield for OGE is 4.4% at a stock price of $38.15.
OGE Energy Corp is the parent company of OG&E, a regulated electric utility. OGE Energy, incorporated in August 1995, is a holding company with investments in energy and energy services providers offering physical delivery and related services for both electricity and natural gas primarily in the south central U.S. with customers in Oklahoma and Western Arkansas. OGE holds 25.5 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP. Activities are conducted through two business segments: electric utility and natural gas midstream operations. OGE Energy and its predecessor companies have paid an uninterrupted dividend to its shareholders every year since at least 1947.
