dividend
confidence high
sentiment positive
materiality 0.50
ONE Gas increases quarterly dividend to $0.66, narrows FY2023 EPS guidance to $4.12-$4.16
ONE Gas, Inc.
- Dividend increased to $0.66 per share ($2.64 annualized), payable March 8, 2024 to holders of record Feb 23, 2024.
- Narrowed 2023 EPS guidance to $4.12-$4.16 from $4.06-$4.22; net income $229M-$233M; capex ~$725M.
- Company expects average annual dividend growth of 1%-2% through 2028 and payout ratio target of 55%-65%.