What's Happening?
ONE Gas, Inc. has declared a quarterly dividend of 67 cents per share, payable on September 3, 2025, to shareholders of record as of August 18, 2025. The company expects to maintain this dividend rate throughout 2025, with an annualized payout of $2.68 per share. ONE Gas projects an average annual dividend growth of 1% to 2% through 2029, targeting a payout ratio of 55% to 65% of net income. As a regulated natural gas utility, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas.
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Why It's Important?
The announcement reflects ONE Gas's stable financial performance and commitment to shareholder returns. As one of the largest natural gas utilities in the U.S., the company's dividend strategy is crucial for investor confidence and market stability. The projected growth in dividends aligns with the company's long-term financial goals, potentially attracting more investors and supporting stock value. The utility's operations are vital for energy supply in its service areas, impacting local economies and energy security.
