MGE Energy Inc. (NASDAQ:MGEE) Declares Quarterly Dividend of $0.48

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

MGE Energy has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 49 consecutive years. MGE Energy has a dividend 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 0.8%

Shares of NASDAQ:MGEE opened at $75.60 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.15. The company has a market cap of $2.78 billion, a PE ratio of 19.38 and a beta of 0.76. MGE Energy has a 52 week low of $72.17 and a 52 week high of $94.00. The firm has a 50 day simple moving average of $77.27 and a 200 day simple moving average of $79.36.

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

About MGE Energy

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.