ONE Gas Announces Increase in Quarterly Dividend for Shareholders

ONE Gas Announces Dividend Increase

In a move that reflects its commitment to shareholders, ONE Gas, Inc. (NYSE: OGS) has declared an increase in its quarterly dividend for the first quarter of 2025. The board approved a rise of 1 cent per share, bringing the total to 67 cents. This change represents an annualized dividend of $2.68 per share.

The dividend will be payable on March 7, 2025, to all shareholders who are on record as of the close of business on February 21, 2025. This decision signals the company's steady performance and confidence in its financial health, likely offering reassurance to its investors amid evolving market conditions.

Additionally, ONE Gas anticipates an annual average dividend growth of about 1% to 2% leading up to 2029. The utility aims for a target dividend payout ratio nearing 55% to 65% of its net income, although this is contingent upon board approval.

ONE Gas, a prominent player in the natural gas utility sector, prides itself on being a 100% regulated entity. Trading under the symbol "OGS" on the New York Stock Exchange, it is also part of the SP MidCap 400 Index, illustrating its significant presence in the industry.

Headquartered in Tulsa, Oklahoma, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas. The company operates through three major divisions: Kansas Gas Service, which stands as the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the leading distributor in Oklahoma; and Texas Gas Service, noted as the third largest in Texas by customer volume. This wide reach not only represents a substantial market share but also highlights the company's role as a dependable energy provider in the region.

Moreover, ONE Gas faces its share of challenges and uncertainties, particularly in an increasingly competitive energy landscape. The company must navigate regulatory changes, rising operational costs, and market volatility while ensuring it delivers consistent service to its vast customer base.

For further insights and the latest updates, interested parties can visit the company’s website at onegas.com and follow its social media channels, including Facebook, LinkedIn, and YouTube.

It’s essential for investors to note that while the news about the dividend increase is promising, future projections and statements regarding the company’s financial performance are contingent on various factors that may impact its operations. Known as forward-looking statements, these remarks anticipate potential outcomes but carry inherent risks and uncertainties. As with any investment, a careful evaluation of market conditions and company performance is advisable before making decisions.

In conclusion, the latest decision by ONE Gas’s board demonstrates a balanced approach towards rewarding shareholders while maintaining a focus on sustainable growth. As the company heads into 2025, its commitment to provide reliable natural gas services remains a cornerstone of its operations, aiming to meet the energy needs of its consumers effectively.