Today, October 27, 2023, OGE Energy (NYSE:OGE) will distribute a dividend payout of $0.42 per share, highlighting an annualized dividend yield of 4.77%. Shareholders who owned the stock before the ex-dividend date on October 06, 2023 will be eligible for this payout.
OGE Energy Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-06 | 4 | $0.42 | 4.77% | 2023-09-26 | 2023-10-10 | 2023-10-27 |
| 2023-07-07 | 4 | $0.41 | 4.54% | 2023-05-18 | 2023-07-10 | 2023-07-28 |
| 2023-04-06 | 4 | $0.41 | 4.39% | 2023-02-22 | 2023-04-10 | 2023-04-28 |
| 2023-01-06 | 4 | $0.41 | 4.19% | 2022-12-08 | 2023-01-09 | 2023-01-27 |
| 2022-10-07 | 4 | $0.41 | 4.25% | 2022-09-27 | 2022-10-11 | 2022-10-28 |
| 2022-07-08 | 4 | $0.41 | 4.11% | 2022-05-19 | 2022-07-11 | 2022-07-29 |
| 2022-04-08 | 4 | $0.41 | 4.56% | 2022-02-23 | 2022-04-11 | 2022-04-29 |
| 2022-01-07 | 4 | $0.41 | 4.78% | 2021-12-01 | 2022-01-10 | 2022-01-28 |
| 2021-10-08 | 4 | $0.41 | 4.98% | 2021-09-29 | 2021-10-12 | 2021-10-29 |
| 2021-07-09 | 4 | $0.4 | 4.79% | 2021-05-20 | 2021-07-12 | 2021-07-30 |
| 2021-04-09 | 4 | $0.4 | 5.17% | 2021-02-25 | 2021-04-12 | 2021-04-30 |
| 2021-01-08 | 4 | $0.4 | 4.92% | 2020-12-02 | 2021-01-11 | 2021-01-29 |
OGE Energy's dividend yield falls in the middle range when compared to its industry peers, with Cia Paranaense De Energia (NYSE:ELP) having the highest annualized dividend yield at 8.15%.
Analyzing OGE Energy Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.51 in 2019 to $1.65 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For OGE Energy
Investors can observe a growth in earnings for OGE Energy from 2019 to 2022, as earnings per share increased from $2.26 to $3.33. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article provides an in-depth analysis of OGE Energy's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.42 per share, resulting in an annualized dividend yield of 4.77%.
OGE Energy's dividend yield falls in the middle range when compared to its industry peers, with Cia Paranaense De Energia having the highest annualized dividend yield at 8.15%.
The upward trend in dividend per share and earnings per share for OGE Energy from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.