MGE Energy Inc. (MGEE) To Go Ex-Dividend on September 1st

MGE Energy Inc. (NASDAQ:MGEE) declared a quarterly dividend on Friday, August 21st. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.5083 per share by the utilities provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 1st. This is a 7.0% increase from MGE Energy’s previous quarterly dividend of $0.47.

MGE Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 49 consecutive years. MGE Energy has a payout ratio of 51.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MGE Energy to earn $4.31 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 47.1%.

MGE Energy Price Performance

Shares of NASDAQ:MGEE opened at $78.15 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.61. MGE Energy has a twelve month low of $72.16 and a twelve month high of $87.94. The company’s 50 day moving average is $80.77 and its 200 day moving average is $78.80. The company has a market cap of $2.95 billion, a PE ratio of 19.20 and a beta of 0.71.

MGE Energy (NASDAQ:MGEE) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.12. The firm had revenue of $161.19 million during the quarter, compared to analysts’ expectations of $166.37 million. MGE Energy had a net margin of 19.45% and a return on equity of 11.10%. On average, sell-side analysts forecast that MGE Energy will post 3.99 EPS 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.