MGE Energy Declares Regular Dividend

Rhea-AI Summary

The board of directors of MGE Energy (NASDAQ: MGEE) declared a quarterly dividend of $0.3875 per share, payable on June 15, 2022, to shareholders of record by June 1, 2022. MGE Energy has successfully increased its dividend for 46 consecutive years and has been paying cash dividends for more than 110 years. Its principal subsidiary, Madison Gas and Electric, serves approximately 159,000 electricity customers and 169,000 natural gas customers across south-central and western Wisconsin.

Positive

• Declared regular quarterly dividend of $0.3875 per share.
• Increased dividend annually for the past 46 years.
• Paid cash dividends for over 110 years.
• Stable customer base with 159,000 electricity and 169,000 natural gas customers.

Negative

• 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 June 15, 2022, to shareholders of record at the close of business June 1, 2022.

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 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/20220517006022/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 $0.3875 per share.

When is the dividend payment date for MGE Energy?

The dividend payment date is June 15, 2022.

What date is the MGE Energy dividend record date?

The record date for the dividend is June 1, 2022.

How long has MGE Energy been paying dividends?

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

How many customers does MGE Energy serve?

MGE Energy serves approximately 159,000 electricity customers and 169,000 natural gas customers.