ONE Gas, Inc.
OGSUtilities · Stock · quarterly payer
Forward Yield
3.41%
Annual Dividend
$2.72
Payout Ratio
61%
5-Yr Growth
4.4%
Ex-Date
May 18, 2026
Frequency
Quarterly
Summary
As of July 2026, ONE Gas, Inc. (OGS) yields 3.41% ($2.72 per share annually), with a blended fair-value estimate of $104.13 — +31% upside, so it screens as undervalued. Dividend safety grade: A (84/100). 11 years of dividend growth.
Is OGS a good dividend stock?
YesONE Gas, Inc. (OGS) pays a quarterly dividend yielding 3.41% ($2.72/yr), with 11 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
- 11 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
- 3.41%
- Payout Ratio
- 61%
- Annual Dividend
- $2.72
- 5-Yr Avg Growth
- 4.4%
- Ex-Dividend Date
- May 18, 2026
- Years of Growth
- 11
- Frequency
- quarterly
- Beta
- 0.65
- Market Cap
- $5.0B
- P/E Ratio
- 18.0
- 5-Yr Total Return
- 11%
- 52-Week Range
- $71.72 – $90.78
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
Frequently Asked Questions
OGS Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+10%
5 Years
+11%
52-Week Range
$71.72 – $90.78
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OGS worth?
Undervaluedhigh confidenceOur blended fair-value estimate for ONE Gas, Inc. is $104.13 per share, versus a market price of $79.74. That implies 31% of upside — a margin of safety of about 23%.
Fair Value
$104.13
Current Price
$79.74
Upside
+31%
Margin of Safety
23%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
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 1.3% annual free-cash-flow growth. We model 8.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.6% discount rate (CAPM), 8.3% stage-1 growth, 2.5% terminal growth, $4.43 EPS, $2.72 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OGS 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 |
|---|---|---|---|
| May 18, 2026 | — | $0.6800 | regular |
| Feb 20, 2026 | — | $0.6800 | regular |
| Nov 14, 2025 | — | $0.6700 | regular |
| Aug 18, 2025 | — | $0.6700 | regular |
| May 19, 2025 | — | $0.6700 | regular |
| Feb 21, 2025 | — | $0.6700 | regular |
| Nov 19, 2024 | — | $0.6600 | regular |
| Aug 14, 2024 | — | $0.6600 | regular |
| May 17, 2024 | — | $0.6600 | regular |
| Feb 22, 2024 | — | $0.6600 | regular |
| Nov 14, 2023 | — | $0.6500 | regular |
| Aug 15, 2023 | — | $0.6500 | regular |
| May 16, 2023 | — | $0.6500 | regular |
| Feb 23, 2023 | — | $0.6500 | regular |
Income Calculator
At $2.72 / yr per share
