ONE Gas, Inc. (NYSE:OGS – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Monday, August 17th will be given a dividend of 0.68 per share by the utilities provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th.
ONE Gas has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. ONE Gas has a payout ratio of 60.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ONE Gas to earn $5.02 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 54.2%.
ONE Gas Stock Up 2.5%
NYSE:OGS opened at $79.26 on Thursday. The company’s fifty day moving average price is $78.09 and its 200-day moving average price is $82.56. The firm has a market capitalization of $4.97 billion, a P/E ratio of 17.08, a PEG ratio of 2.55 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. ONE Gas has a 1-year low of $71.71 and a 1-year high of $90.78.
About ONE Gas
ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.
The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.
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