MADISON, Wis. -- (Business Wire)
The Board of Directors of MGE Energy, Inc. (Nasdaq: MGEE) today declared
a 3-for-2 stock split in the form of a common stock dividend. The stock
split is expected to help keep the stock affordable for investors.
The common stock dividend is payable Feb. 7, 2014, to shareholders of
record at the close of business on Jan. 24, 2014.
"The stock split underscores the confidence the Board of Directors has
in our company's long-standing commitment to shareholder value," said
Gary Wolter, chairman, president and CEO.
Earlier in 2013, the Board of Directors voted to increase MGE Energy's
cash dividend for the 38th consecutive year.
The company's last stock split was in 1996 when a 3-for-2 stock dividend
About MGE Energy
MGE Energy is a public utility holding company. Its principal
subsidiary, Madison Gas and Electric (MGE), generates and distributes
electricity to 140,000 customers in Dane County, Wis., and purchases and
distributes natural gas to 145,000 customers in seven south-central and
western Wisconsin counties.
MGE Energy, Inc.
Manager - Media Relations
Source: MGE Energy, Inc.
© 2015 Canjex Publishing Ltd. All rights reserved.