January 8, 2018 - 7:10 AM EST
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EX-Dividend Schedule: OGE Energy has a Dividend Yield of 4.08%; Will Trade Ex-Dividend on January 09, 2018

LONDON, UK / ACCESSWIRE / January 08, 2018 / Active-Investors has a free review on OGE Energy Corp. (NYSE: OGE) following the Company's announcement that it will begin trading ex-dividend on January 09, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 08, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on OGE:


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Dividend Declared

On November 29, 2017, OGE Energy announced that its Board of Directors has approved a first-quarter dividend of $0.3325 per share per common share of stock, to be paid on January 30, 2018, to shareholders of record on January 10, 2018.

OGE Energy's indicated dividend represents a yield of 4.08%, which is substantially above the average dividend yield of 2.34% for the Utilities sector. The Company has raised dividend for eleven consecutive years. OGE Energy has last raised its dividend in September 2017 by 10%.

Dividend Insight

OGE Energy has a dividend payout ratio of 70.7%, which indicates that the Company spends approximately $0.71 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, OGE Energy is forecasted to report earnings of $2.03 per share for the next year, which is substantially above its annualized dividend of $1.33 per share.

For the nine months ended September 30, 2017, OGE Energy's net cash provided from operating activities totaled $463.7 million compared to $426.9 million for the year ago corresponding period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About OGE Energy

OGE Energy, together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. OGE Energy is the parent Company of OG&E, a regulated electric utility serving approximately 840,000 customers in Oklahoma and Western Arkansas. In addition, OGE holds 25.7% limited partner interest and 50% general partner interest in Enable Midstream Partners L.P. OGE Energy was founded in 1995 and is headquartered in Oklahoma City, Oklahoma.

Stock Performance Snapshot

January 05, 2018 - At Friday's closing bell, OGE Energy's stock was slightly down 0.31%, ending the trading session at $32.50.

Volume traded for the day: 1.37 million shares, which was above the 3-month average volume of 1.06 million shares.

After last Friday's close, OGE Energy's market cap was at $6.51 billion.

Price to Earnings (P/E) ratio was at 17.02.

The stock has a dividend yield of 4.09%.

The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 0.1% at the end of the session.


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SOURCE: Active-Investors

Source: ACCESSWIRE Investor Awareness (January 8, 2018 - 7:10 AM EST)

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