OKLAHOMA CITY, Dec. 3 /PRNewswire-FirstCall/ -- OGE Energy Corp. announced today that its Board of Directors has approved an increase in the company's annual dividend to $1.42 per share from $1.39 per share. It is the company's third dividend increase in as many years.
The increase is effective with its first-quarter 2009 dividend of $0.355 per common share of stock, to be paid Jan. 30, 2009, to shareowners of record Jan. 9, 2009.
"The dividend increase reflects our confidence in the company's business plan," said Pete Delaney, chairman, president and CEO of OGE Energy. "While conditions in the financial markets and national economy are causing us to keep a tight rein on costs, our strong financial position enables us to continue to deliver on our commitment to grow the dividend."
OGE Energy is the parent company of OG&E, a regulated electric utility, and of Enogex LLC, a midstream natural gas pipeline business.
CLASS OF STOCK: OGE Energy Corp. Common DIVIDEND PER SHARE: $0.355 RECORD DATE: 01/9/09 PAYMENT DATE: 01/30/09
