The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today
increased the regular quarterly dividend rate to $0.3075 per share on
the company's common stock. The dividend is payable Sept. 15, 2016, to
shareholders of record Sept. 1, 2016. This increase raises the annual
dividend rate by 5 cents from $1.18 per share to $1.23 per share.
"MGE Energy remains committed to building upon its financial strength
and providing solid returns to shareholders," said Gary Wolter, MGE
Energy's chairman, president and CEO. "Our customer-focused business
model has supported payment of dividends to our shareholders for over
one hundred years."
MGE Energy has increased shareholder dividend payouts annually for 41
consecutive 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 146,000 customers in Dane County, Wis., and purchases and
distributes natural gas to 152,000 customers in seven south-central and
western Wisconsin counties. MGE's roots in the Madison area date back
more than 150 years.
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Copyright Business Wire 2016
Source: Business Wire
(August 19, 2016 - 2:24 PM EDT)
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