OGE Energy Corp. reaffirms first-quarter dividend and long-term growth target
OKLAHOMA CITY, Jan. 26, 2015 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) announced today that it has reaffirmed its previously announced first-quarter dividend of $0.25 per share per common share of stock and its long-term dividend growth target of 10 percent per year through 2019.
OGE Chairman and CEO Pete Delaney said, "We remain committed to the Company's 10 percent, five-year dividend growth rate announced last September. Our company's five-year dividend growth guidance was predicated on maintaining consistent growth during the inevitable commodity cycles that from time to time impact the natural gas midstream business. In addition, OG&E is the much larger investment for OGE Energy."
Actual future dividends will be subject to determination and declaration by the OGE Board of Directors.
OGE Energy Corp. is headquartered in Oklahoma City and is the parent company of OG&E, a regulated electric utility serving 812,000 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: |
$0.25 |
RECORD DATE: |
01/09/15 |
PAYMENT DATE: |
01/30/15 |
SOURCE OGE Energy Corp.
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