MGE Energy Inc. (MGEE) to Issue Quarterly Dividend of $0.48 on June 15th

MGE Energy Inc. (NASDAQ:MGEE) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Monday, June 1st will be given a dividend of 0.475 per share by the utilities provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 1st.

MGE Energy has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 49 consecutive years. MGE Energy has a payout ratio of 48.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect MGE Energy to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 45.2%.

MGE Energy Stock Up 0.3%

MGE Energy stock opened at $75.82 on Thursday. MGE Energy has a twelve month low of $72.17 and a twelve month high of $91.94. The stock has a 50 day moving average of $77.22 and a two-hundred day moving average of $79.31. The company has a current ratio of 1.15, a quick ratio of 0.83 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 19.44 and a beta of 0.76.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. MGE Energy had a return on equity of 10.94% and a net margin of 18.61%.The company had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $227.06 million. As a group, research analysts expect that MGE Energy will post 3.94 earnings per share for the current year.

MGE Energy Company Profile

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Through its principal subsidiary, Madison Gas and Electric Company (MGE), the company provides regulated electric and natural gas distribution services to residential, commercial and industrial customers in south-central Wisconsin. MGE Energy’s operations encompass the generation, transmission and distribution of electricity as well as the purchase and distribution of natural gas, with an emphasis on reliable service and system resilience.

Since reorganizing as a holding company in 2001, MGE Energy has expanded its portfolio to include nonregulated subsidiaries involved in renewable energy development, energy services and infrastructure support.