OGE Energy Corp. Announces Dividend Increase

Annual dividend amount increased $0.05 per share

Dec 02, 2010, 14:06 ET from OGE Energy Corp.

OKLAHOMA CITY, Dec. 2, 2010 /PRNewswire-FirstCall/ -- OGE Energy Corp. (NYSE: OGE) announced today that its Board of Directors has approved an increase in the company's annual dividend to $1.50 per share from $1.45 per share.

The increase is effective with the first-quarter 2011 dividend of $0.375 per common share of stock, to be paid Jan. 28, 2011, to shareowners of record Jan. 10, 2011. The company has paid quarterly dividends uninterrupted for the past sixty-three years.

"We are pleased to be able to increase our dividend growth rate," said Pete Delaney, chairman, president and CEO of OGE Energy.  "This is a reflection of our company's prospects for continuing to grow earnings over the long term."

OGE Energy is the parent company of OG&E, a regulated electric utility, and of Enogex LLC, a midstream natural gas pipeline business.

CLASS OF STOCK:

OGE Energy Corp. Common

DIVIDEND PER SHARE:

$0.375

RECORD DATE:

01/10/11

PAYMENT DATE:

01/28/11

SOURCE OGE Energy Corp.



RELATED LINKS

http://www.oge.com