MGE Energy Increases Dividend for 43rd Consecutive Year
August 17 2018 - 4:08PM
Business Wire
The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today
increased the regular quarterly dividend rate by nearly 5% to
$0.3375 per share on the outstanding shares of the company's common
stock. The dividend is payable Sept. 15, 2018, to shareholders of
record Sept. 1, 2018. This raises the annual dividend rate by
6 cents from $1.29 per share to $1.35 per share.
"The dividend is an important part of our total return to our
shareholders. The board's decision to increase our quarterly
dividend reflects our commitment to delivering shareholder value
and our confidence in our business strategy," said President and
CEO Jeffrey Keebler.
MGE Energy has increased its dividend annually for the past 43
years and has paid cash dividends for more than 100 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 151,000 customers in Dane County, Wis.,
and purchases and distributes natural gas to 158,000 customers in
seven south-central and western Wisconsin counties.
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version on businesswire.com: https://www.businesswire.com/news/home/20180817005413/en/
MGE Energy, Inc.Steven Schultz, 608-252-7219Corporate
Communications Managersbschultz@mge.com
MGE Energy (NASDAQ:MGEE)
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