MGE Energy Declares Regular Dividend

Rhea-AI Summary

MGE Energy's board of directors declared a regular quarterly dividend of $0.4275 per share on its common stock. The dividend is payable on June 15, 2024, to shareholders who are on record as of June 1, 2024. MGE Energy has a long history of annual dividend increases, maintaining this trend for 48 consecutive years. Additionally, the company has consistently paid cash dividends for over 110 years.

Positive

• Declared regular quarterly dividend of $0.4275 per share.
• Dividend payable on June 15, 2024.
• Shareholders of record by June 1, 2024, will receive the dividend.
• 48 consecutive years of annual dividend increases.
• Over 110 years of consistent 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 $0.4275 per share on the outstanding shares of the company's common stock, payable June 15, 2024, to shareholders of record at the close of business June 1, 2024.

MGE Energy has increased its dividend annually for the past 48 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 163,000 customers in Dane County, Wis., and purchases and distributes natural gas to 176,000 customers in seven south-central and western Wisconsin counties.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521269494/en/

Steve Schultz

Media Relations

608-252-7219 | sbschultz@mge.com

Source: MGE Energy, Inc.

FAQ

What is the amount of MGE Energy's quarterly dividend declared in 2024?

MGE Energy declared a quarterly dividend of $0.4275 per share.

When will MGE Energy pay its declared dividend in 2024?

The dividend will be payable on June 15, 2024.

Who is eligible to receive MGE Energy's dividend in June 2024?

Shareholders of record at the close of business on June 1, 2024, are eligible to receive the dividend.

How many consecutive years has MGE Energy increased its dividend?

MGE Energy has increased its dividend annually for 48 consecutive years.

For how long has MGE Energy been paying cash dividends?

MGE Energy has been paying cash dividends for more than 110 years.