ONE Gas (OGS) Raises Quarterly Dividend 8.7% to $0.50; 2.6% Yield

ONE Gas (NYSE: OGS) declared a quarterly dividend of $0.50 per share, or $2 annualized. This is an 8.7% increase from the prior dividend of $0.46.

The dividend will be payable on March 8, 2019, to stockholders of record on February 22, 2019, with an ex-dividend date of February 21, 2019.

The annual yield on the dividend is 2.6 percent.

The company expects an average annual dividend increase of 7 to 9 percent between 2018 and 2023, with a target dividend payout ratio of 55 to 65 percent of net income, all subject to its board of directors' approval.

For a dividend history and other dividend-related data on ONE Gas (OGS) click here.

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