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

MGE Energy Inc. (NASDAQ:MGEE) declared a quarterly dividend on Friday, January 16th. Shareholders of record on Sunday, March 1st will be given a dividend of 0.475 per share by the utilities provider on Sunday, March 15th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, February 27th.

MGE Energy has raised its dividend by an average of 0.0%per year over the last three years and has raised 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. Equities 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 Price Performance

Shares of MGEE traded down $2.59 during mid-day trading on Wednesday, hitting $79.97. 20,151 shares of the company were exchanged, compared to its average volume of 114,558. MGE Energy has a 1-year low of $76.47 and a 1-year high of $94.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.59 and a current ratio of 0.91. The company has a 50 day moving average of $79.57 and a 200-day moving average of $82.13. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 21.72 and a beta of 0.82.

MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The company had revenue of $189.55 million for the quarter. MGE Energy had a return on equity of 10.65% and a net margin of 18.55%. Analysts expect that MGE Energy will post 3.43 EPS for the current fiscal 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.