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

MGE Energy Inc. (NASDAQ:MGEE) declared a quarterly dividend on Friday, October 17th. Stockholders of record on Monday, December 1st will be paid a dividend of 0.475 per share by the utilities provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, December 1st.

MGE Energy has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 49 years. MGE Energy has a payout ratio of 48.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect MGE Energy to earn $3.84 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 49.5%.

MGE Energy Stock Up 0.1%

NASDAQ:MGEE traded up $0.09 during mid-day trading on Friday, hitting $82.80. 66,938 shares of the company’s stock traded hands, compared to its average volume of 142,316. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.80. The company has a market capitalization of $3.03 billion, a P/E ratio of 23.00 and a beta of 0.81. The company has a fifty day moving average of $83.70 and a 200 day moving average of $85.93. MGE Energy has a twelve month low of $80.67 and a twelve month high of $105.81.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $175.68 million for the quarter. MGE Energy had a net margin of 18.24% and a return on equity of 10.58%. On average, analysts forecast that MGE Energy will post 3.43 EPS for the current year.

About MGE Energy

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services.