ONE Gas, Inc. Announces Quarterly Dividend Payable on March 5, 2021
January 20, 2021 at 02:45 am IST
Share
The board of directors of ONE Gas, Inc. increased the dividend for the first quarter 2021 by 4 cents per share to 58 cents per share, resulting in an annualized dividend of $2.32 per share. The dividend is payable on March 5, 2021, to shareholders of record at the close of business February 19, 2021. The company expects an average annual dividend increase of 6% to 8% between 2020 and 2025, with a target dividend payout ratio of 55% to 65% of net income, all subject to its board of directors' approval.
ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company operates through a single segment, regulated public utilities, which delivers natural gas to residential, commercial and transportation customers. The Company provides natural gas distribution services to approximately 2.3 million customers. The Company has three divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. It primarily serves residential, commercial and transportation customers in all three states. The Companyâs natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. It distributes natural gas to approximately 89%, 71% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.
ONE GAS, INC. 
