MGE Energy Inc. (MGEE) To Go Ex-Dividend on February 27th

MGE Energy Inc. (NASDAQ:MGEE) declared a quarterly dividend on Friday, January 16th. Investors 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 2.3%. 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 every year for the last 49 years. MGE Energy has a payout ratio of 48.3% meaning 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 Stock Performance

NASDAQ MGEE traded down $1.69 on Wednesday, reaching $80.88. The stock had a trading volume of 37,922 shares, compared to its average volume of 115,208. The stock has a market cap of $2.96 billion, a P/E ratio of 21.92 and a beta of 0.82. MGE Energy has a 12-month low of $76.47 and a 12-month high of $94.79. The business’s 50-day moving average price is $79.57 and its 200 day moving average price is $82.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.59 and a current ratio of 0.91.

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