dividend
confidence high
sentiment positive
materiality 0.55
ONE Gas increases quarterly dividend to $0.65/share, narrows 2022 EPS guidance to $4.06-$4.10
ONE Gas, Inc.
- Quarterly dividend raised 3 cents to $0.65/share ($2.60 annualized), payable March 10, 2023, record Feb 24.
- 2022 diluted EPS guidance narrowed to $4.06-$4.10 from $4.00-$4.16; net income expected $221M-$223M.
- Capital investments for 2022 expected to be approximately $655 million.
- Company targets 4%-6% average annual dividend growth through 2027; payout ratio target 55%-65% of net income.
- Dividend increase reflects board approval; first-quarter 2023 payment marks the raise.