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MADISON, Wis. - MGE Energy, Inc. (NASDAQ:MGEE) announced Friday that its board of directors approved a 5.6% increase in the company’s regular quarterly dividend to $0.4750 per share on outstanding common stock. The dividend will be payable on September 15, 2025, to shareholders of record as of September 1, 2025. According to InvestingPro data, the company currently offers a dividend yield of 2.13% and has maintained dividend payments for 55 consecutive years.
The increase raises the annualized dividend rate by 10 cents from $1.80 per share to $1.90 per share and marks the company’s 50th consecutive year of dividend increases.
"Today’s action by our board marks a milestone that only a select number of companies have achieved of increasing the dividend for 50 consecutive years," said Chairman, President and CEO Jeff Keebler in a press release statement.
MGE Energy, a public utility holding company, has maintained a record of paying cash dividends for more than 110 years. Its principal subsidiary, Madison Gas and Electric (MGE), serves approximately 167,000 electricity customers in Dane County, Wisconsin, and provides natural gas to 178,000 customers across seven south-central and western Wisconsin counties.
The company’s roots in the Madison area extend back more than 150 years, according to the announcement.
In other recent news, MGE Energy held its Annual Meeting of Shareholders, where key outcomes included the election of three Class III Directors and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025. The elected directors, Daniel J. Kelly, James L. Possin, and Noble L. Wray, received strong support with over 23 million "For" votes each. Additionally, MGE Energy announced the continuation of its longstanding dividend distribution practice, declaring a quarterly dividend of $0.45 per share. This dividend is set to be paid on June 15, 2025, to shareholders on record as of June 1, 2025. The company has a notable history of increasing dividends annually for 49 years and issuing cash dividends for over 110 years. These developments reflect MGE Energy’s commitment to maintaining shareholder value and financial stability.
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