MGE Energy, Inc. (Nasdaq: MGEE) has announced an increase in its regular quarterly dividend rate by 5.6% to $0.4750 per share on the outstanding shares of the company’s common stock. This raises the annualized dividend rate from $1.80 per share to $1.90 per share. The dividend is payable on September 15, 2025, to shareholders of record as of September 1, 2025. This marks the 50th consecutive year of dividend increases for MGE Energy, emphasizing the company’s commitment to consistent and sustainable dividend growth.
MGE Energy has a longstanding history of paying cash dividends for more than 110 years, and this increase underscores the company's focus on providing ongoing value to its customers and shareholders. As a public utility holding company, MGE Energy's principal subsidiary, Madison Gas and Electric (MGE), serves 167,000 customers in Dane County, Wis., by generating and distributing electricity, and it purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties.
The company's Chairman, President, and CEO, Jeff Keebler, emphasized the significance of this milestone, highlighting the continued strength of MGE Energy’s long-term business strategy. This increase in the dividend rate reinforces the company's mission to provide safe, reliable, affordable, and sustainable energy while maintaining disciplined financial management.
MGE Energy's commitment to consistent dividend growth and its milestone achievement of 50 consecutive years of dividend increases reflect its dedication to building a sustainable energy future and creating value for its stakeholders. Following these announcements, the company's shares moved -0.54%, and are now trading at a price of $84.15. For more information, read the company's full 8-K submission here.
