Latest news with #OGEEnergyCorp.
Yahoo
15-05-2025
- Business
- Yahoo
OGE Energy elects board of directors at annual meeting
OKLAHOMA CITY, May 15, 2025 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) virtually held its 2025 Annual Meeting of Shareholders today, electing its board of directors and acting on a number of items. Chairman, President and CEO Sean Trauschke began the meeting by thanking the company's employees for their strong execution and their continued focus on customers. "2024 delivered outstanding results for all stakeholders, including improved reliability for customers and continued economic prosperity in the growing communities we serve," Trauschke said. "Our dedicated team will continue our legacy of operational excellence and customer focus as we expect to continue our performance trajectory into 2025 and beyond." Trauschke discussed the company's commitment to pursue safe, reliable, resilient electricity at some of the lowest rates in the nation. He reflected on the healthy growth in our communities leveraged by low rates and economic development. In voting announced at the meeting, OGE Energy shareholders: Elected 10 members of the company's board of directors to one-year terms. They are: Judy R. McReynolds, lead director, chairman and chief executive officer of ArcBest Corporation. Frank A. Bozich, president and chief executive officer at Trinseo PLC Peter D. Clarke, former of-counsel and partner of Jones Day, a law firm Cathy R. Gates, former assurance partner of Ernst & Young LLP David L. Hauser, former chairman and chief executive officer of FairPoint Communications Inc. Luther C. Kissam, IV, senior advisor with Bernhard Capital Partners David E. Rainbolt, executive chairman of BancFirst Corporation J. Michael Sanner, former audit partner of Ernst & Young LLP Sheila G. Talton, president and chief executive officer of Gray Matter Analytics Sean Trauschke, current chairman, president and chief executive officer of OGE Energy Corp. and OG&E Ratified the appointment of Ernst & Young LLP as the company's principal independent accountants for 2025; Approved, on an advisory basis, the compensation paid to named executive officers; Did not approve an amendment of the Restated Certificate of Incorporation to eliminate supermajority voting provisions, as it received less than 80% of the outstanding shares of the Company's common stock required for passage. Quarterly Dividend DeclaredThe OGE Energy board of directors also declared a third quarter dividend of $0.42125 per common share of stock, to be paid July 25, 2025, to shareholders of record July 7, 2025. The dividend was unchanged from the previous quarter. OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 909,000 customers in Oklahoma and western Arkansas. This news release may contain "forward-looking" statements. Forward-looking statements are intended to be identified by words such as "anticipate," "believe," "intend," "plan," "expect," "continued," "goal," "may" or similar expressions. Factors that could affect actual results are listed in the reports filed by the Company with the Securities and Exchange Commission including those listed in Risk Factors in the Company's Form 10-K for the year ended December 31, 2024. View original content: SOURCE OGE Energy Corp. Sign in to access your portfolio
Yahoo
23-02-2025
- Business
- Yahoo
OGE Energy's (NYSE:OGE) Dividend Will Be $0.4213
OGE Energy Corp.'s (NYSE:OGE) investors are due to receive a payment of $0.4213 per share on 25th of April. Based on this payment, the dividend yield will be 3.7%, which is fairly typical for the industry. See our latest analysis for OGE Energy Solid dividend yields are great, but they only really help us if the payment is sustainable. Prior to this announcement, OGE Energy's dividend was making up a very large proportion of earnings, and the company was also not generating any cash flow to offset this. We think that this practice can make the dividend quite risky in the future. Over the next year, EPS is forecast to expand by 17.6%. Assuming the dividend continues along the course it has been charting recently, our estimates show the payout ratio being 69% which brings it into quite a comfortable range. The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2015, the dividend has gone from $0.90 total annually to $1.69. This works out to be a compound annual growth rate (CAGR) of approximately 6.5% a year over that time. The dividend has been growing very nicely for a number of years, and has given its shareholders some nice income in their portfolios. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. However, OGE Energy's EPS was effectively flat over the past five years, which could stop the company from paying more every year. OGE Energy's earnings per share has barely grown, which is not ideal - perhaps this is why the company pays out the majority of its earnings to shareholders. When a company prefers to pay out cash to its shareholders instead of reinvesting it, this can often say a lot about that company's dividend prospects. In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about OGE Energy's payments, as there could be some issues with sustaining them into the future. In the past the payments have been stable, but we think the company is paying out too much for this to continue for the long term. We would be a touch cautious of relying on this stock primarily for the dividend income. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Case in point: We've spotted 2 warning signs for OGE Energy (of which 1 is a bit unpleasant!) you should know about. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
