MGE Energy Sets $0.5083 Quarterly Dividend Payable in December

MGE Energy set its next common-stock dividend at $0.5083 per share, keeping the quarterly payout at the level established in August and setting a Dec. 15 payment for eligible shareholders.

The company declared the distribution Oct. 16. Shareholders on record at the close of business Dec. 1 qualify for payment. The stock’s ex-dividend date is Nov. 30, when shares begin trading without the upcoming dividend.

The payment continues a rate the board raised by 7% in August. That increase lifted MGE Energy’s annualized dividend to $2.0332 per share and marked the company’s 51st consecutive year of annual dividend increases.

Its main subsidiary, Madison Gas and Electric, provides electricity to 170,000 customers in Dane County, Wisconsin. It also distributes natural gas to 180,000 customers in seven counties in south-central and western Wisconsin.