OGE Energy Corp.
OGEUtilities · Stock · quarterly payer
Forward Yield
3.74%
Annual Dividend
$1.70
Payout Ratio
75%
5-Yr Growth
1.5%
Ex-Date
Jul 6, 2026
Frequency
Quarterly
Summary
As of September 2026, OGE Energy Corp. (OGE) yields 3.74% ($1.70 per share annually), with a blended fair-value estimate of $51.41 — +13% upside, so it screens as fairly valued. Dividend safety grade: A (90/100). 19 years of dividend growth.
Is OGE a good dividend stock?
YesOGE Energy Corp. (OGE) pays a quarterly dividend yielding 3.74% ($1.70/yr), with 19 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 19 consecutive years of dividend growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.74%
- Payout Ratio
- 75%
- Annual Dividend
- $1.70
- 5-Yr Avg Growth
- 1.5%
- Ex-Dividend Date
- Jul 6, 2026
- Years of Growth
- 19
- Frequency
- quarterly
- Beta
- 0.51
- Market Cap
- $9.4B
- P/E Ratio
- 20.0
- 5-Yr Total Return
- 34%
- 52-Week Range
- $41.70 – $50.59
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
OGE Price — Last 12 Months
Daily close
Price Return
1 Year
+3%
3 Years
+33%
5 Years
+34%
52-Week Range
$41.70 – $50.59
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OGE worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for OGE Energy Corp. is $51.41 per share, versus a market price of $45.51. That implies the stock is roughly fairly priced.
Fair Value
$51.41
Current Price
$45.51
Gap
+13%
Margin of Safety
11%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 8.4% stage-1 growth, 2.5% terminal growth, $2.28 EPS, $1.70 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OGE Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 6, 2026 | — | $0.4250 | regular |
| Apr 6, 2026 | — | $0.4250 | regular |
| Jan 5, 2026 | — | $0.4250 | regular |
| Oct 6, 2025 | — | $0.4250 | regular |
| Jul 7, 2025 | — | $0.4210 | regular |
| Apr 7, 2025 | — | $0.4210 | regular |
| Jan 6, 2025 | — | $0.4210 | regular |
| Oct 7, 2024 | — | $0.4210 | regular |
| Jul 8, 2024 | — | $0.4180 | regular |
| Apr 5, 2024 | — | $0.4180 | regular |
| Jan 5, 2024 | — | $0.4180 | regular |
| Oct 6, 2023 | — | $0.4180 | regular |
| Jul 7, 2023 | — | $0.4140 | regular |
| Apr 6, 2023 | — | $0.4140 | regular |
Income Calculator
At $1.70 / yr per share
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