OGE Energy Keeps Dividend Steady

Regulated electric utility OGE Energyannounced today its fourth-quarter dividend of $0.20875 per share, the same rate it's paid for the past three quarters after raising the payout 6% from a split-adjusted rate of $0.19625 per share. The utility split its shares 2-for-1 on July 2.

The board of directors said the quarterly dividend is payable on October 30 to holders of record at the close of business on October 10. The regular dividend payment equates to approximately $0.84-per-share annual dividend, yielding 2.3% based on the closing price today of OGE Energy's stock.

OGE Dividend Chart

OGE Dividend data by YCharts.

The article OGE Energy Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story