MGE Energy Declares Regular Dividend

Rhea-AI Summary

The board of MGE Energy has declared a quarterly dividend of $0.3875 per share, payable on Dec. 15, 2021, to shareholders of record by the close of business on Dec. 1, 2021. MGE Energy has maintained a strong dividend growth record, increasing dividends annually for 46 years and paying cash dividends for over 110 years. This demonstrates the company's commitment to returning value to shareholders and its financial stability in the utility sector.

Positive

• Declared a quarterly dividend of $0.3875 per share.
• Increased dividends annually for 46 years.
• Paid cash dividends for over 110 years.

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• None.

MADISON, Wis.--(BUSINESS WIRE)-- The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today declared the regular quarterly dividend of $0.3875 per share on the outstanding shares of the company's common stock, payable Dec. 15, 2021, to shareholders of record at the close of business Dec. 1, 2021.

MGE Energy has increased its dividend annually for the past 46 years and has paid cash dividends for more than 110 years.

About MGE Energy

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005594/en/

Steve Schultz

Corporate Communications Manager

608-252-7219 | sbschultz@mge.com

Source: MGE Energy, Inc.

FAQ

What is the dividend amount declared by MGE Energy?

The declared quarterly dividend is $0.3875 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on Dec. 15, 2021.

What is the record date for MGE Energy's dividend?

The record date for the dividend is Dec. 1, 2021.

How long has MGE Energy been increasing its dividends?

MGE Energy has increased its dividends annually for 46 years.

How long has MGE Energy been paying cash dividends?

MGE Energy has been paying cash dividends for over 110 years.