MADISON, Wis. -- (Business Wire)
The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today
increased the regular quarterly dividend to $0.3951 per share on the
company's common stock. The dividend is payable Sept. 15, 2012, to
shareholders of record Sept. 1, 2012. With this increase, the new
dividend is equivalent to an annual rate of $1.5804 per share.
"MGE Energy is committed to shareholder value. The company's strong
operational performance and cost controls enable us to make this
dividend increase," said Gary Wolter, chairman, president and CEO.
The company has increased its dividend annually for the past 37 years
and has paid cash dividends for more than 100 years.
MGE Energy is listed as a "Dividend Achiever" by Mergent, Inc., a
financial information publisher for more than a century. Approximately
5.8% of the 4,200-plus dividend-paying companies meet the Mergent test
of increasing dividends annually for at least 10 years.
According to Mergent, "Dividend Achievers have demonstrated the ability
to consistently increase dividend payments over a substantial period of
time, through volatile markets and challenging political climates."
MGE Energy is a public utility holding company. Its principal
subsidiary, Madison Gas and Electric (MGE), generates and distributes
electricity to 139,000 customers in Dane County, Wis., and purchases and
distributes natural gas to 144,000 customers in seven south-central and
western Wisconsin counties. MGE's roots in the Madison area date back
more than 150 years.
Contacts:
MGE Energy, Inc.
Steve Kraus, 608-252-7907
Manager - Media
Relations
skraus@mge.com
Source: MGE Energy, Inc.
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