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Oklahoma business briefs: Nov. 29, 2012

Oklahoma business briefs: Nov. 29, 2012
Published: November 29, 2012


State companies make Forbes' list

Three Oklahoma companies landed on this year's Forbes list of the largest private companies in the United States. Oklahoma City-based Love's Travel Stops and Country Stores was the highest ranking state company at No. 9. Fellow fuel retailer QuikTrip, which is based in Tulsa, was No. 26. Oklahoma City-based Hobby Lobby Stores was No. 147 on the list, which included 220 companies this year.

OGE increases annual dividend

OGE Energy Corp. on Wednesday increased its annual dividend 10 cents to $1.67 a share. The increase is effective with the company's first-quarter dividend of 41.75 cents a share, which will be paid on Jan. 30. OGE, which is the parent company of Oklahoma Gas and Electric Co. and Enogex, has paid quarterly dividends without interruption for the past 65 years. “We are pleased to be able to increase our dividend growth rate,” CEO Pete Delaney said. “We understand the importance of consistent and growing dividends for our shareholders, many of whom count on dividends to supplement their income.”

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