MGE Energy, Inc. (NASDAQ:MGEE) declared a quarterly dividend on Monday, August 20th, Wall Street Journal reports. Shareholders of record on Saturday, September 1st will be given a dividend of 0.3375 per share by the utilities provider on Saturday, September 15th. This represents a $1.35 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 30th. This is an increase from MGE Energy’s previous quarterly dividend of $0.32.

MGE Energy has increased its dividend payment by an average of 4.4% per year over the last three years and has raised its dividend annually for the last 42 consecutive years. MGE Energy has a payout ratio of 58.7% indicating that its dividend is sufficiently covered by earnings.

NASDAQ MGEE opened at $65.85 on Friday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 28.31 and a beta of 0.28. MGE Energy has a 52 week low of $51.05 and a 52 week high of $68.10. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.52.

MGE Energy (NASDAQ:MGEE) last issued its earnings results on Tuesday, August 7th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $124.26 million during the quarter. MGE Energy had a net margin of 18.00% and a return on equity of 10.37%.

A number of brokerages have recently issued reports on MGEE. BidaskClub raised shares of MGE Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 25th. ValuEngine downgraded MGE Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd.

MGE Energy Company Profile

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.

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Dividend History for MGE Energy (NASDAQ:MGEE)

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