OGE Energy Corporation (OGE) to Distribute Quarterly Dividend of $0.43 on October 30th

OGE Energy Corporation (NYSE:OGE) declared a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Monday, October 5th will be given a dividend of $0.4288 per share by the utilities provider on Friday, October 30th. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, October 5th. This is a 0.9% increase from OGE Energy’s previous quarterly dividend of $0.4250.

OGE Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 18 years. OGE Energy has a payout ratio of 70.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OGE Energy to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.71 annual dividend with an expected future payout ratio of 66.0%.

OGE Energy Trading Down 0.8%

Shares of OGE opened at $45.30 on Friday. OGE Energy has a fifty-two week low of $41.69 and a fifty-two week high of $50.59. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 3.00 and a beta of 0.50. The firm has a 50 day moving average price of $46.43 and a 200-day moving average price of $47.46. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities research analysts forecast that OGE Energy will post 2.42 earnings per share for the current year.

About OGE Energy

OGE Energy Corp. (NYSE: OGE) is an energy holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), the company provides regulated electric utility services, including the generation, transmission, distribution and retail sale of electricity.

OG&E serves residential, commercial and industrial customers across Oklahoma and western Arkansas. Its operations include a portfolio of power-generation facilities and an electric transmission and distribution network supporting the communities and businesses within its service territory.

OGE Energy traces its utility operations to the founding of Oklahoma Gas and Electric in 1902.