OGE Energy Corp.

OGE
Utilities
$48.54
3.49%Overvalued

OGE Energy Corp. (OGE) is a Utilities company that currently yields 3.49% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $28.21 and the overvaluation threshold at $42.95. OGE Energy Corp. holds a quality score of 33/100 (Risky), reflecting 14 consecutive years of dividend growth with a 75% payout ratio. The 5-year dividend CAGR stands at 1.5%.

OGE Dividend Yield History — Weiss Valuation

Underval. $28.21Overval. $42.95

Distance to undervalued

Entry price is stretched

Needs 41.9% downside to reach the Weiss buy zone

Undervaluation starts near $28.21, where the annual dividend would imply roughly 6.01% yield. That is 2.52% above today's yield.

Buy-zone price

$28.21

Target yield

6.01%

Research checklist

What to clear before buying the yield

Updated May 25, 2026

Dividend durability

14Y

Long dividend history supports a deeper look.

Earnings payout

75%

Coverage deserves a closer look in filings.

Cash payout

N/A

Confirm cash conversion and one-off effects.

Dividend growth

1.5%

Lower growth changes the return trade-off.

What changed

What changed since the last update

2026-05-232026-05-25

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

OGE Energy Corp. is trading near its historical overvaluation band.

Current yield 3.5% vs historical max 5.9% (59% of maximum).

14 consecutive years without a dividend cut.

Elevated payout ratio of 75%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 33/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

OGE Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$355

Year 10 Income

$566

Yield on Cost

5.89%

Total Income

$4,514

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

OGE Dividend Quality Score

Quality Score

33/ 100

Risky

Payout Ratio5/25
Dividend Streak20/25
Growth (CAGR 5Y)3/20
Yield vs History5/15
FCF Coverage0/15

Key Metrics

Current Price$48.54
Annual Dividend$1.70
Current Yield3.49%
Yield — Max (10Y)5.93%
Yield — Min (10Y)3.87%
Undervalued Below$28.21
Overvalued Above$42.95
Payout Ratio75.39%
CAGR Dividend 5Y1.5%
CAGR Dividend 10Y5.1%
Years No Cut14y

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14
consecutive years of dividend growth