MGE Energy hikes dividend by 5.2%
MGE Energy (MGEE) on August 19, 2022 announced that it will raise its quarterly dividend by 5.2 percent to 40.75 cents per share in 2022. This marks the 46th consecutive year of dividend increases by the utility.
The next dividend is payable September 15, 2022, to shareholders of record September 1, 2022. A new annual rate of $1.63 per share yields 1.9% at a stock price of $84.23 for MGEE. The next ex-dividend date is August 31, 2022.
MGE Energy (Madison Gas and Electric) is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to customers in Dane County, Wis., and purchases and distributes natural gas to customers in south-central and western Wisconsin counties. MGE Energy has paid cash dividends for more than 100 years.
