OGE Energy Corp. (OGE) will raise its quarterly dividend by 9.8 percent to $0.365 per share in the fourth quarter of 2018. This marks the 12th consecutive annual dividend increase by the utility company.

The next dividend will be paid October 30, 2018, to shareholders of record October 10, 2018. A new annual dividend of $1.46 per share yields approximately 4.1% at a stock price of $62.36 for OGE.

"I'm pleased to say that with this increase, we have honored our commitment to our shareholders to increase our dividend by 10 percent per year for the past five years, which leads our industry," said Sean Trauschke, Chairman, President and CEO of OGE Energy. "We've done so while investing more than $1 billion in our system and holding our rates essentially flat during that time. It's a testament to the hard work and dedication of our great people."

OGE Energy Corp is the parent company of OG&E, a regulated electric utility. OGE Energy, incorporated in August 1995, is a holding company with investments in energy and energy services providers offering physical delivery and related services for both electricity and natural gas primarily in the south central U.S. with customers in Oklahoma and Western Arkansas. OGE holds 25.5 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP. Activities are conducted through two business segments: electric utility and natural gas midstream operations. OGE Energy and its predecessor companies have paid an uninterrupted dividend to its shareholders every year since at least 1947.