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MGE Energy Increases Dividend for 49th Consecutive Year

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MGE Energy (Nasdaq: MGEE) has announced a 5.3% increase in its regular quarterly dividend to $0.45 per share, payable on Sept. 15, 2024, to shareholders of record on Sept. 1, 2024. This raise bumps the annualized dividend rate from $1.71 to $1.80 per share, marking the company's 49th consecutive year of dividend increases. Chairman, President and CEO Jeff Keebler emphasized the company's commitment to sustainable dividend growth and its focus on providing safe, reliable, affordable, and sustainable energy. MGE Energy has maintained a remarkable track record of paying cash dividends for over 110 years, underlining its long-term business strategy and financial stability.

MGE Energy (Nasdaq: MGEE) ha annunciato un aumento del 5,3% del suo dividendo trimestrale regolare a $0,45 per azione, pagabile il 15 settembre 2024, agli azionisti registrati il 1° settembre 2024. Questo incremento porta il tasso di dividendo annualizzato da $1,71 a $1,80 per azione, segnando il 49° anno consecutivo di aumenti dei dividendi dell'azienda. Il presidente e CEO Jeff Keebler ha enfatizzato l'impegno dell'azienda per una crescita sostenibile dei dividendi e la sua attenzione nel fornire energia sicura, affidabile, accessibile e sostenibile. MGE Energy ha mantenuto un eccezionale record di pagamento di dividendi in contante per oltre 110 anni, sottolineando la sua strategia commerciale a lungo termine e stabilità finanziaria.

MGE Energy (Nasdaq: MGEE) ha anunciado un aumento del 5.3% en su dividendo trimestral regular a $0.45 por acción, que se pagará el 15 de septiembre de 2024, a los accionistas registrados el 1 de septiembre de 2024. Este aumento incrementa la tasa de dividendo anualizado de $1.71 a $1.80 por acción, marcando el 49° año consecutivo de aumentos en los dividendos de la empresa. El presidente y CEO Jeff Keebler enfatizó el compromiso de la empresa con un crecimiento sostenible de los dividendos y su concentración en proporcionar energía segura, confiable, asequible y sostenible. MGE Energy ha mantenido un notable historial de pago de dividendos en efectivo durante más de 110 años, subrayando su estrategia comercial a largo plazo y estabilidad financiera.

MGE 에너지(나스닥: MGEE)가 정기 분기 배당금을 주당 $0.45로 5.3% 인상했다고 발표했습니다. 이 배당금은 2024년 9월 15일에 지급되며, 2024년 9월 1일 기준 주주에게 지급됩니다. 이번 인상으로 연간 배당률은 $1.71에서 $1.80로 증가하며, 이는 회사의 49년 연속 배당금 인상을 기록한 것입니다. 회장 겸 CEO인 제프 키블러는 회사의 지속 가능한 배당 성장에 대한 헌신과 안전하고 신뢰할 수 있으며 저렴하고 지속 가능한 에너지를 제공하는 데 집중하고 있다고 강조했습니다. MGE 에너지는 110년 이상 현금 배당금을 지급한 놀라운 기록을 유지하고 있으며, 이는 장기적으로 안정적인 비즈니스 전략과 재정 안정성을 강조합니다.

MGE Energy (Nasdaq: MGEE) a annoncé une augmentation de 5,3 % de son dividende trimestriel régulier à 0,45 $ par action, payable le 15 septembre 2024, aux actionnaires enregistrés le 1er septembre 2024. Cette hausse fait passer le taux de dividende annualisé de 1,71 $ à 1,80 $ par action, marquant la 49e année consécutive d'augmentation des dividendes de l'entreprise. Le président et CEO Jeff Keebler a souligné l'engagement de l'entreprise en faveur d'une croissance durable des dividendes et son attention à fournir une énergie sûre, fiable, abordable et durable. MGE Energy a maintenu un bilan remarquable de paiements de dividendes en espèces pendant plus de 110 ans, soulignant sa stratégie commerciale à long terme et sa stabilité financière.

MGE Energy (Nasdaq: MGEE) hat eine Erhöhung seiner regulären vierteljährlichen Dividende um 5,3 % auf 0,45 USD pro Aktie bekannt gegeben, die am 15. September 2024 an die Aktionäre, die am 1. September 2024 im Aktienregister stehen, ausgezahlt wird. Diese Erhöhung hebt die annualisierte Dividendenrate von 1,71 USD auf 1,80 USD pro Aktie49. Jahr in Folge dar, in dem das Unternehmen die Dividende erhöht. Vorsitzender, Präsident und Geschäftsführer Jeff Keebler betonte das Engagement des Unternehmens für nachhaltiges Dividendenwachstum und dessen Fokus auf die Bereitstellung sicherer, zuverlässiger, bezahlbarer und nachhaltiger Energie. MGE Energy hat eine bemerkenswerte Erfolgsbilanz bei der Auszahlung von Bardividenden über 110 Jahre hinweg, was die langfristige Geschäftsstrategie und die finanzielle Stabilität des Unternehmens unterstreicht.

Positive
  • Increased quarterly dividend by 5.3% to $0.45 per share
  • 49th consecutive year of dividend increases
  • Annualized dividend rate raised from $1.71 to $1.80 per share
  • Over 110-year history of paying cash dividends
Negative
  • None.

MADISON, Wis.--(BUSINESS WIRE)-- The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today increased the regular quarterly dividend rate 5.3% to $0.45 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2024, to shareholders of record Sept. 1, 2024. This raises the annualized dividend rate by 9 cents from $1.71 per share to $1.80 per share.

"MGE Energy continues to focus on its mission to provide safe, reliable, affordable and sustainable energy and to provide value to our customers and shareholders," said Chairman, President and CEO Jeff Keebler. "Today's action by our board reinforces our commitment to regular, predictable and sustainable dividend growth and it signals the continued strength and resilience of MGE Energy's long-term business strategy for building your community energy company for the future."

MGE Energy has increased its dividend annually for the past 49 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. MGE's roots in the Madison area date back more than 150 years.

Steve Schultz

Corporate Communications Manager

608-252-7219 | sbschultz@mge.com

Ken Frassetto

Investor Relations

608-252-4723 | kfrassetto@mge.com

Source: MGE Energy, Inc.

FAQ

When will MGE Energy's new dividend be payable?

MGE Energy's new dividend of $0.45 per share will be payable on September 15, 2024, to shareholders of record as of September 1, 2024.

What is MGE Energy's new annualized dividend rate?

MGE Energy's new annualized dividend rate has increased by 9 cents from $1.71 per share to $1.80 per share.

How many consecutive years has MGE Energy (MGEE) increased its dividend?

MGE Energy has increased its dividend for 49 consecutive years as of this announcement.

What is the percentage increase of MGE Energy's latest dividend hike?

MGE Energy has increased its regular quarterly dividend by 5.3%.

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Utilities - Regulated Electric
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