MGE Energy Increases Dividend Rate for 50th Consecutive Year

MGE Energy has increased its regular quarterly dividend rate by 5.6% to $0.4750 per share, marking its 50th consecutive year of dividend growth. The annualized dividend rate is now $1.90 per share. Chairman Jeff Keebler attributes the milestone to the company's focus on safe, reliable, affordable, and sustainable energy, as well as disciplined financial management.

MGE Energy, Inc. (Nasdaq: MGEE) has announced a significant milestone in its dividend history. The company's board of directors increased the regular quarterly dividend rate by 5.6% to $0.4750 per share, effective September 15, 2025. This marks the 50th consecutive year of dividend growth for the utility holding company. The new annualized dividend rate is $1.90 per share, up from the previous $1.80 per share.

Chairman, President, and CEO Jeff Keebler commented on the decision, stating, "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, reinforcing our commitment to consistent and sustainable dividend growth and signaling the continued strength of MGE Energy’s long-term business strategy for building your community energy company for the future." [1]

MGE Energy, through its principal subsidiary Madison Gas and Electric (MGE), generates and distributes electricity to 167,000 customers in Dane County, Wisconsin, and purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties. The company's roots in the Madison area date back more than 150 years.

The dividend increase comes amidst recent earnings reports that saw MGE Energy's earnings per share (EPS) of $0.72, slightly missing analysts' expectations of $0.73. The company declared a quarterly dividend of $0.45 per share, yielding 2.1% annually. Several analysts have recently downgraded MGE Energy's stock, with Wall Street Zen changing its rating from "buy" to "hold" and Morgan Stanley lowering its price target from $75.00 to $74.00. [2]

Institutional investors, including the Public Sector Pension Investment Board, have shown interest in MGE Energy, with the latter growing its stake by 27.2% in the first quarter of 2025. [2]

MGE Energy's dividend increase reflects the company's commitment to providing safe, reliable, affordable, and sustainable energy, as well as its disciplined financial management. The company continues to focus on these aspects to provide ongoing value to its customers and shareholders.

References:
[1] https://www.stocktitan.net/news/MGEE/mge-energy-increases-dividend-for-50th-consecutive-mlwvqa5h024a.html
[2] https://www.marketbeat.com/instant-alerts/filing-mge-energy-inc-nasdaqmgee-shares-bought-by-public-sector-pension-investment-board-2025-08-14/