OGE Energy hikes dividend by 1% to $0.4182 quarterly per share

On September 26, 2023, OGE Energy Corp. (OGE) declared a new quarterly dividend of  $0.4182 per share, up 1% from the previous quarterly dividend. This will mark the 17th consecutive annual dividend increase by the utility company and matches the dividend hike of 2022.

The next OGE dividend will be paid on October 27, 2023, to shareholders of record on October 10, 2023. At a stock price of $33.33 the dividend yield for OGE is 5.0% with a next ex-dividend date of October 6, 2023.

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.