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OGE Energy Keeps Dividend Steady

By Rich Duprey - Sep 25, 2013 at 9:50PM

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The utility raised the payout to investors last year and split its stock this past July.

Regulated electric utility OGE Energy (OGE 2.09%) announced 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.

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.

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OGE Energy Corp. Stock Quote
OGE Energy Corp.
OGE
$41.96 (2.09%) $0.86

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