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:
SOURCE OGE Energy Corp.