MGE Energy Declares Regular Dividend

Rhea-AI Summary

The board of directors of MGE Energy (Nasdaq: MGEE) has declared a quarterly dividend of $0.4075 per share, payable on March 15, 2023, to shareholders of record by March 1, 2023. MGE Energy boasts a strong history, having increased its dividend annually for 47 years and paid cash dividends for over 110 years. The company serves 159,000 electricity customers and 169,000 natural gas customers across Wisconsin, demonstrating significant operational stability and commitment to returning value to shareholders.

Positive

• Quarterly dividend of $0.4075 per share enhances income for shareholders.
• 47 years of annual dividend increases signifies strong financial health and consistent performance.
• Over 110 years of cash dividend payments exemplifies MGE Energy's reliability and long-term sustainability.

Negative

• None.

MADISON, Wis.--(BUSINESS WIRE)-- The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today declared the regular quarterly dividend of $0.4075 per share on the outstanding shares of the company's common stock, payable March 15, 2023, to shareholders of record at the close of business March 1, 2023.

MGE Energy has increased its dividend annually for the past 47 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 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005428/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?

MGE Energy declared a quarterly dividend of $0.4075 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 15, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is March 1, 2023.

How long has MGE Energy been paying dividends?

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

How many years has MGE Energy increased its dividends annually?

MGE Energy has increased its dividends annually for the past 47 years.