MADISON, Wis. - MGE Energy, Inc. (NASDAQ:MGEE) announced today that its board of directors declared a quarterly dividend of $0.4750 per share on the company’s common stock. The dividend is payable on June 15, 2026, to shareholders of record as of the close of business on June 1, 2026.
The stock currently trades at $75.41 with a dividend yield of 2.53%. The company stated it has increased its dividend annually for 50 consecutive years and has paid cash dividends for more than 110 years.
According to Bond.az data, which tracks 6 additional ProTips for MGEE, the company has maintained dividend payments for 56 consecutive years. Analysis suggests the stock is currently undervalued based on Bond.az’s Fair Value assessment.
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 170,000 customers in Dane County, Wisconsin, and purchases and distributes natural gas to 180,000 customers across seven south-central and western Wisconsin counties.
The information is based on a press release statement from the company.
In other recent news, MGE Energy has announced a $250 million stock offering, pricing 3.3 million shares at $75.75 each. The company plans to issue approximately $75 million of shares directly to underwriters, while forward sellers will handle $175 million worth of shares through forward sale agreements. This move includes a provision allowing underwriters a 30-day option to purchase up to an additional 495,049 shares. Additionally, MGE Energy has promoted Jared Bushek to Executive Vice President and Chief Financial Officer, effective May 1, 2026. Bushek, who previously held the role of Vice President, CFO, and Treasurer, will receive a one-time retention award of 25,000 shares of MGE Energy common stock.
