OGE Energy Corp. increases annual dividend to $1.10 per share
Increase consistent with long-term dividend growth target
OKLAHOMA CITY, Sept. 30, 2015 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) announced today that its Board of Directors has approved an increase in the company's quarterly dividend to $0.275 per share from $0.25 per share. That represents a 10 percent increase and equates to $1.10 per share annually.
The increase is effective with the fourth quarter 2015 dividend and will be paid Oct. 30, 2015 to shareholders of record Oct. 12, 2015.
"We are pleased to increase our dividend for the tenth consecutive year and to reaffirm our commitment to a 10-percent dividend growth annually through 2019," said Sean Trauschke, President and CEO of OGE Energy. "We realize many of our shareholders count on our dividend for income."
OGE Energy is the parent company of OG&E, a regulated electric utility serving approximately 819,000 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.
CLASS OF STOCK: |
OGE Energy Corp. Common |
DIVIDEND PER SHARE: |
$0.275 |
RECORD DATE: |
10/12/15 |
PAYMENT DATE: |
10/30/15 |
SOURCE OGE Energy Corp.
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