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MADISON, Wis. - MGE Energy, Inc. (NASDAQ:MGEE), a utility company with a market capitalization of $3.4 billion, announced the continuation of its longstanding practice of dividend distribution, declaring a quarterly dividend of $0.45 per share, representing a yield of 1.93%. This dividend is scheduled to be paid on June 15, 2025, to shareholders who are on record as of the close of business on June 1, 2025.
According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years and raised dividends for 32 consecutive years, demonstrating a solid financial foundation and a reliable income stream for investors. The stock generally trades with low price volatility, making it an attractive option for income-focused investors. Additional insights about MGE Energy’s financial health are available through InvestingPro’s extensive analysis tools.
MGE Energy is a holding company that operates primarily through Madison Gas and Electric (MGE), its chief subsidiary. MGE is responsible for generating and distributing electricity to approximately 167,000 customers in Dane County, Wisconsin, and for the purchase and distribution of natural gas to around 178,000 customers across seven counties in south-central and western Wisconsin.
The announcement reflects the company’s stable financial performance and its ability to sustain dividend payments, a factor often appreciated by investors seeking regular income. It is based on a press release statement from MGE Energy, Inc.
In other recent news, MGE Energy, Inc. and its subsidiary Madison Gas and Electric Company announced the upcoming retirement of Lynn Hobbie, Executive Vice President of Marketing and Communications. Hobbie plans to retire by the end of 2025, as disclosed in a recent SEC filing. The announcement, made official on February 21, 2025, did not provide details about her successor or the reasons for her departure. This marks a significant leadership change for the company, which operates in the rapidly evolving energy sector. The filing, signed by Jenny L. Lagerwall, Assistant Vice President - Accounting and Controller, did not indicate any immediate financial impact from the retirement. Investors and stakeholders are advised to monitor the company’s SEC filings for further updates on leadership transitions and strategic directions. The company has not disclosed potential changes to its marketing and communications strategy following Hobbie’s departure.
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