The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) has increased the regular quarterly dividend rate by 5.6% to $0.4750 per share.
The dividend, payable on September 15, 2025, to shareholders of record on September 1, 2025, has been raised from $1.80 per share to $1.90 per share annually.
This marks a significant milestone for MGE Energy, with 50 years of consecutive dividend increases showcasing the company's commitment to sustainable dividend growth and long-term business strategy.
Dividend Increase
The dividend rate has been raised by 5.6% to $0.4750 per share, reflecting a commitment to consistent dividend growth.
Historic Achievement
MGE Energy's 50th consecutive year of increasing dividends places it among a select group of companies with such a long track record.
Shareholder Benefits
Shareholders will now receive $1.90 per share annually, indicating enhanced value and return on investment.
Company Focus
MGE Energy remains dedicated to providing safe, reliable, and sustainable energy while delivering value to customers and shareholders through disciplined financial management.
- The dividend increase signifies MGE Energy's financial strength and confidence in its long-term strategy.
- It reinforces the company's commitment to creating value for shareholders and maintaining consistent dividend growth.
- The announcement reflects MGE Energy's stability and dedication to long-term sustainability in the energy sector.
MGE Energy's 50th consecutive year of increasing dividends demonstrates its financial stability, commitment to shareholder value, and strategic focus on sustainable growth. The company's strong performance and dedication to its mission have positioned it as a reliable investment option in the utility sector.