MGE Energy Maintains Dividend
May 22nd 2013 11:04AM
Updated May 22nd 2013 12:05PM
Public utility MGE Energy announced yesterday its second-quarter dividend of $0.3951 per share, the same rate it paid last quarter.
The board of directors said the quarterly dividend is payable on June 15 to the holders of record at the close of business on June 1. MGE Energy has paid quarterly dividends since 1909 and has raised the payout every year for the last 37 years.
The regular dividend payment equates to a $1.58-per-share annual dividend yielding 2.8% based on the closing price of MGE Energy's stock on May 21.
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