ONE Gas, Inc. (NYSE: OGS) announced an increase in its quarterly dividend for the first quarter of 2025, raising it by 1 cent per share to $0.67, resulting in an annualized dividend of $2.68 per share. The dividend will be payable on March 7, 2025, to shareholders of record as of February 21, 2025.

The company projects an average annual dividend increase of 1% to 2% through 2029, with a target payout ratio of approximately 55% to 65% of net income, pending board approval.

Headquartered in Tulsa, Oklahoma, ONE Gas is a regulated natural gas utility serving over 2.3 million customers in Kansas, Oklahoma, and Texas. It operates through divisions such as Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service. The company is listed on the New York Stock Exchange and included in the S&P MidCap 400 Index.

ONE Gas also provided cautionary statements regarding forward-looking information, noting potential risks that could influence its operations and financial results. These include regulatory changes, market conditions, cyber threats, climate impacts, and broader economic factors, as detailed in its annual report and other filings.