OGE Energy Corporation (NYSE:OGE) Raises Dividend to $0.43 Per Share

Key Points

• OGE Energy Corporation has raised its quarterly dividend to $0.43 per share, a 0.9% increase from the previous dividend of $0.42.
• The dividend payout ratio is 69.5%, suggesting that the company's dividend is well-covered by its earnings.
• Shares of OGE Energy have shown a slight increase, trading at $44.93, with a market capitalization of $9.05 billion.

OGE Energy Corporation (NYSE:OGE - Get Free Report) announced a quarterly dividend on Tuesday, September 23rd. Shareholders of record on Monday, October 6th will be paid a dividend of 0.425 per share by the utilities provider on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, October 6th. This is a 0.9% increase from OGE Energy's previous quarterly dividend of $0.42.

OGE Energy has a dividend payout ratio of 69.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OGE Energy to earn $2.42 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 69.8%.

OGE Energy Trading Up 0.3%

Shares of OGE Energy stock traded up $0.14 on Wednesday, reaching $44.93. 22,548 shares of the company's stock were exchanged, compared to its average volume of 1,136,811. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.48 and a current ratio of 0.78. OGE Energy has a 52 week low of $39.10 and a 52 week high of $46.91. The firm's 50-day moving average is $44.79 and its two-hundred day moving average is $44.54. The company has a market capitalization of $9.05 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.05). The company had revenue of $741.60 million for the quarter, compared to the consensus estimate of $719.97 million. OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.OGE Energy's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. Sell-side analysts predict that OGE Energy will post 2.27 EPS for the current fiscal year.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.

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