MGE Energy increases dividend for 39th consecutive year

MGE Energy (MGEE) will raise the regular quarterly dividend rate by 4% to $0,2825 per share. It's the 39th consecutive annual year of dividend increases.

This increase raises the annual dividend rate by 4 cents from $1.09 per share to $1.13 per share.

"Our board once again demonstrated their strong commitment to providing long-term value to our shareholders," said Gary J. Wolter, MGE Energy's chairman, president and CEO. "They recognize the important role dividends play in our investors' portfolios."

The company has increased its dividends annually for 39 consecutive years. The last three dividend increases approved by the board have been the largest percentage dividend increases over the past two decades.

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