OKLAHOMA CITY, Sept. 28, 2016 /PRNewswire/ -- OGE Energy Corp.
(NYSE: OGE) announced today that its Board of Directors has
approved an increase in the company's quarterly dividend to
$0.3025 per share from $0.275 per share. That represents a 10 percent
increase and equates to $1.21 per
share annually.
The increase is effective with the fourth quarter 2016 dividend
and will be paid Oct. 28, 2016, to
shareholders of record Oct. 11,
2016.
"We are pleased to reaffirm our commitment to a 10-percent
dividend growth annually through 2019," said Sean Trauschke, Chairman, President and CEO of
OGE Energy. "We realize many of our shareholders count on our
dividend for income and we are proud to be one of a select group of
utilities that has never reduced our dividend since going public in
1947. That is 69 years of consecutive dividend payments."
OGE Energy is the parent company of OG&E, a regulated
electric utility serving approximately 830,000 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:
|
$0.3025
|
RECORD
DATE:
|
10/11/16
|
PAYMENT
DATE:
|
10/28/16
|
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visit:http://www.prnewswire.com/news-releases/oge-energy-corp-increases-annual-dividend-to-121-per-share-300335733.html
SOURCE OGE Energy Corp.