OGE Energy Corp. increases annual dividend to $1.21 per share

OKLAHOMA CITY, Sept. 28, 2016 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) announced today that its Board of Directors has approved an increase in the company's quarterly dividend to $0.3025 per share from $0.275 per share. That represents a 10 percent increase and equates to $1.21 per share annually.

The increase is effective with the fourth quarter 2016 dividend and will be paid Oct. 28, 2016, to shareholders of record Oct. 11, 2016.

"We are pleased to reaffirm our commitment to a 10-percent dividend growth annually through 2019," said Sean Trauschke, Chairman, President and CEO of OGE Energy. "We realize many of our shareholders count on our dividend for income and we are proud to be one of a select group of utilities that has never reduced our dividend since going public in 1947.  That is 69 years of consecutive dividend payments."

OGE Energy is the parent company of OG&E, a regulated electric utility serving approximately 830,000 customers in Oklahoma and Western Arkansas. In addition, OGE holds 26.3 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP.

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SOURCE OGE Energy Corp.