MGEE raises quarterly dividend 6.95% to $0.508 per share

MGE Energy, Inc. (MGEE) has announced a quarterly dividend increase of 6.95%, raising the payout to $0.5080 per share from the previous $0.4750. The new dividend is payable to shareholders of record as of the ex-dividend date of 2026-09-01. This marks the company's 33rd consecutive year of dividend increases, underscoring its long-term commitment to returning value to shareholders.

The numbers

The new quarterly payment of $0.5080 translates to an annualized dividend of $2.032 per share, based on the current quarterly schedule. At the current share price of $77.45, the trailing twelve-month (TTM) yield stands at 2.50%, with TTM dividend per share of $1.9330. The company's five-year dividend compound annual growth rate (CAGR) is 5.1%, reflecting steady, sustainable growth. Recent quarterly payments have been $0.45 (May 2025), $0.475 (August 2025), $0.475 (December 2025), $0.475 (February 2026), and $0.475 (June 2026), before this increase to $0.508.

What it means for income investors

For investors holding 100 shares, the new quarterly dividend would generate $50.80 per quarter, or $203.20 annually, up from $190.00 per year at the previous rate. This increase reinforces MGEE's track record of consistent dividend growth, which may appeal to those seeking reliable income. However, investors should consider their own financial goals and risk tolerance when evaluating any dividend stock.

For more details on MGEE's dividend history and payment schedule, visit our dedicated pages.

Reporting based on: DividendSmart market data. Figures verified against market data where available.