One Gas increases dividend 3c to 65c

The board of directors of ONE Gas increased the dividend for the Q1 by 3 cents per share to 65 cents per share, resulting in an annualized dividend of $2.60 per share. The dividend is payable March 10, 2023, to shareholders of record at the close of business February 24. The company expects an average annual dividend increase of 4% to 6% through 2027, with a target dividend payout ratio of 55% to 65% of net income, subject to its board of directors’ approval.