OGE Energy Corporation to Issue Quarterly Dividend of $0.43 (NYSE:OGE)

OGE Energy Corporation (NYSE:OGE) declared a quarterly dividend on Thursday, May 14th. Investors of record on Monday, July 6th will be paid a dividend of 0.425 per share by the utilities provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, July 6th.

OGE Energy has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 18 consecutive years. OGE Energy has a dividend payout ratio of 70.0% 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 $1.70 annual dividend with an expected future payout ratio of 65.6%.

OGE Energy Stock Up 0.3%

Shares of OGE Energy stock opened at $47.48 on Friday. OGE Energy has a 52-week low of $41.69 and a 52-week high of $50.13. The company has a 50 day moving average of $47.89 and a 200 day moving average of $45.61. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $9.80 billion, a P/E ratio of 21.20, a P/E/G ratio of 3.51 and a beta of 0.55.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The company had revenue of $752.60 million during the quarter, compared to the consensus estimate of $616.02 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts forecast that OGE Energy will post 2.42 EPS for the current fiscal year.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.