Latest news with #MGEEnergy
Globe and Mail
4 days ago
- Business
- Globe and Mail
MGE Energy Increases Dividend for 50th Consecutive Year
The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today increased the regular quarterly dividend rate 5.6% to $0.4750 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2025, to shareholders of record Sept. 1, 2025. This raises the annualized dividend rate by 10 cents from $1.80 per share to $1.90 per share. "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," said Chairman, President and CEO Jeff Keebler. "MGE Energy continues to focus on our mission to provide safe, reliable, affordable and sustainable energy and on our disciplined financial management to provide ongoing value to our customers and shareholders." MGE Energy has paid cash dividends for more than 110 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 167,000 customers in Dane County, Wis., and purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Associated Press
4 days ago
- Business
- Associated Press
MGE Energy Increases Dividend for 50th Consecutive Year
MADISON, Wis.--(BUSINESS WIRE)--Aug 15, 2025-- The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today increased the regular quarterly dividend rate 5.6% to $0.4750 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2025, to shareholders of record Sept. 1, 2025. This raises the annualized dividend rate by 10 cents from $1.80 per share to $1.90 per share. '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,' said Chairman, President and CEO Jeff Keebler. 'MGE Energy continues to focus on our mission to provide safe, reliable, affordable and sustainable energy and on our disciplined financial management to provide ongoing value to our customers and shareholders.' MGE Energy has paid cash dividends for more than 110 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 167,000 customers in Dane County, Wis., and purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years. View source version on CONTACT: Steve Schultz Corporate Communications Manager 608-252-7219 |[email protected] Frassetto Investor Relations 608-252-4723 |[email protected] KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: ENERGY OTHER ENERGY UTILITIES OIL/GAS SOURCE: MGE Energy, Inc. Copyright Business Wire 2025. PUB: 08/15/2025 12:26 PM/DISC: 08/15/2025 12:26 PM
Business Wire
4 days ago
- Business
- Business Wire
MGE Energy Increases Dividend for 50th Consecutive Year
MADISON, Wis.--(BUSINESS WIRE)--The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today increased the regular quarterly dividend rate 5.6% to $0.4750 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2025, to shareholders of record Sept. 1, 2025. This raises the annualized dividend rate by 10 cents from $1.80 per share to $1.90 per share. "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," said Chairman, President and CEO Jeff Keebler. "MGE Energy continues to focus on our mission to provide safe, reliable, affordable and sustainable energy and on our disciplined financial management to provide ongoing value to our customers and shareholders." MGE Energy has paid cash dividends for more than 110 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 167,000 customers in Dane County, Wis., and purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Business Wire
06-08-2025
- Business
- Business Wire
MGE Energy Reports Second-Quarter 2025 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the second quarter of 2025. MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the second quarter of 2025 were $26.5 million, or $0.73 per share, compared to $23.8 million, or $0.66 per share, for the same period in the prior year. Rate base investment growth and weather impacts drove our second-quarter results. In the second quarter of 2025, electric net income increased $3.9 million compared to the second quarter of 2024. MGE continues to invest in new, cost-effective renewable generation, supporting the company's ongoing asset growth. An increase in electric investments included in rate base contributed to higher electric earnings for 2025. In March 2025, the Darien Solar Project in Rock and Walworth counties became operational, followed by the Paris Battery Energy Storage System (BESS), which went into service in June 2025. These additions further enhance electric system reliability and contributed to the increase in electric earnings. MGE owns 25 MW of solar capacity from the Darien Solar Project and 11 MW of battery capacity associated with the Paris BESS project. For the second quarter of 2025, electric residential sales increased approximately 5% largely driven by warmer-than-normal weather. Gas net income exhibited steady performance, with minimal variation compared to the second quarter of 2024. About MGE Energy MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 167,000 customers in Dane County, Wis., and purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years. Forward-looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on MGE Energy's current expectations, estimates and assumptions regarding future events, which are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to revise or update publicly any such forward-looking statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to our business in general, please refer to the "Risk Factors" sections in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission.
Yahoo
25-07-2025
- Business
- Yahoo
Looking for a Defensive Dividend Stock? MGE Energy (MGEE) Could Be It
MGE Energy, Inc. (NASDAQ:MGEE) was recently included on our list of Dividend Champion vs Aristocrats: 12 Under the Radar Stocks to Buy. A row of utility poles and power lines, showing the reach of the electric utility operations. MGE Energy, Inc. (NASDAQ:MGEE) is a regulated utility from Wisconsin that stands out for its strong financial position, careful capital management, and stable business model— unlike many industry counterparts that struggle with heavy debt, inflation-related cash flow challenges, and strict regulatory pricing. The company provides vital electricity and natural gas services through well-established infrastructure, benefiting from a reliable customer base and the steady economic conditions of Wisconsin. In the first quarter of 2025, MGE Energy, Inc. (NASDAQ:MGEE) reported revenue of nearly $219 million, up 14.4% from the same period last year. The company's operating income was $52.8 million, growing from $40.7 million in the prior-year period. In addition, its net income also grew from $33.8 million last year to $41.6 million in the most recent quarter. MGE Energy, Inc. (NASDAQ:MGEE) is a strong dividend stock, having raised its payouts for 49 consecutive years. The company currently offers a quarterly dividend of $0.45 per share and has a dividend yield of 2.07%, as of July 23. It is among the best dividend stocks on our dividend champions list. While we acknowledge the potential of MGEE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
