This excerpt taken from the OGE 8-K filed Nov 16, 2006.
OGE Energy Corp. increases dividend, appoints new VP
Annual increase from $1.33 to $1.36 per share; Motley to head Regulatory Affairs
OKLAHOMA CITY -- The OGE Energy Corp. (NYSE: OGE) Board of Directors has declared a first-quarter dividend of $0.34 per common share of stock, to be paid Jan. 30, 2007, to shareowners of record on Jan. 10, 2007.
The dividend amount increased from the previous quarter, which raises the companys annual dividend to $1.36 per share from $1.33 per share.
We are pleased to be in a position to increase the dividend for our shareowners, said Steven E. Moore, chairman, president and CEO of OGE Energy. We are proud of our strong dividend history and we hope to continue to grow it in a careful, measured fashion. We will maintain a sharp focus on dividend policy as we enter a period when we expect to make significant capital investments.
Separately, the Board appointed Howard Motley vice president of regulatory affairs for Oklahoma Gas & Electric Company, OGE Energys electric utility subsidiary. Motley served for 17 years on the staff of the Oklahoma Corporation Commission and worked as a utility regulatory consultant for 11 years before joining OG&E in 2001. Most recently, he served as Director of Regulatory Affairs and Strategy for OG&E.
OGE Energy also is the parent company of Enogex Inc., a natural gas pipeline business.