MGE Energy Declares Regular Dividend

Rhea-AI Summary

MGE Energy, Inc. (Nasdaq: MGEE) declared a quarterly dividend of $0.37 per share on common stock, payable on December 15, 2020, to shareholders of record as of December 1, 2020. This marks the company's 45th consecutive year of annual dividend increases and extends its history of cash dividends to over 110 years. MGE Energy operates as a public utility holding company, providing electricity and natural gas services to customers in Wisconsin.

Positive

• Declared a quarterly dividend of $0.37 per share.
• 45 consecutive years of annual dividend increases.
• 110 years of cash dividend payments.

Negative

• None.

MADISON, Wis.--(BUSINESS WIRE)--The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today declared the regular quarterly dividend of $0.37 per share on the outstanding shares of the company's common stock, payable Dec. 15, 2020, to shareholders of record at the close of business Dec. 1, 2020.

MGE Energy has increased its dividend annually for the past 45 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 155,000 customers in Dane County, Wis., and purchases and distributes natural gas to 163,000 customers in seven south-central and western Wisconsin counties.