ONE Gas, Inc. (NYSE:OGS) Shareholders to Collect $0.68 Quarterly Dividend

Key Points

• ONE Gas declared a quarterly dividend of $0.68 per share, payable December 3 to shareholders of record on November 16. The annualized dividend is $2.72 per share, representing a 3.4% yield.
• The dividend appears well covered, with a current payout ratio of 60.6% and an expected forward payout ratio of 54.1% based on projected earnings.
• ONE Gas reported quarterly EPS of $0.53, exceeding analyst expectations of $0.48, while revenue rose 3.2% year over year to $391.31 million, slightly below estimates.

ONE Gas, Inc. (NYSE:OGS - Get Free Report) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be given a dividend of $0.68 per share by the utilities provider on Thursday, December 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, November 16th.

ONE Gas has a payout ratio of 60.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect ONE Gas to earn $5.03 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 54.1%.

ONE Gas Stock Up 1.7%

OGS stock opened at $79.88 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas has a 1 year low of $70.37 and a 1 year high of $90.78. The company has a fifty day simple moving average of $76.22 and a 200 day simple moving average of $80.82. The firm has a market cap of $5.02 billion, a PE ratio of 17.22, a PEG ratio of 2.04 and a beta of 0.64.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The firm had revenue of $391.31 million during the quarter, compared to analysts' expectations of $398.23 million. During the same period in the prior year, the company posted $0.44 earnings per share. ONE Gas's revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts anticipate that ONE Gas will post 4.91 EPS for the current fiscal year.

About ONE Gas

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