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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/19/22 Mge Energy Inc. 8-K:8,9 8/19/22 12:233K Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 60K 2: EX-99.1 Miscellaneous Exhibit HTML 10K 7: R1 Document and Entity Information HTML 46K 10: XML IDEA XML File -- Filing Summary XML 12K 8: XML XBRL Instance -- mgee-20220819_htm XML 15K 9: EXCEL IDEA Workbook of Financial Reports XLSX 8K 6: EX-101.DEF XBRL Definitions -- mgee-20220819_def XML 47K 3: EX-101.LAB XBRL Labels -- mgee-20220819_lab XML 56K 4: EX-101.PRE XBRL Presentations -- mgee-20220819_pre XML 46K 5: EX-101.SCH XBRL Schema -- mgee-20220819 XSD 14K 11: JSON XBRL Instance as JSON Data -- MetaLinks 15± 22K 12: ZIP XBRL Zipped Folder -- 0000950170-22-017611-xbrl Zip 19K
| EX-99.1 |
EXHIBIT 99.1
News
MGE Energy Increases Dividend for 47th Consecutive Year
Madison, Wis., Aug 19, 2022—The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today increased the regular quarterly dividend rate approximately 5% to $0.4075 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2022, to shareholders of record Sept. 1, 2022. This raises the annualized dividend rate by 8 cents from $1.55 per share to $1.63 per share.
"Today's dividend increase marks the company's 47th consecutive year of increasing its dividend, an accomplishment that everyone at MGE Energy can be proud of. We recognize the importance of dividend growth to the overall shareholder value proposition," Chairman, President and CEO Jeff Keebler said. "We continue to move forward in our clean energy transition to achieve our goals of net-zero carbon emissions by 2050 and carbon reductions of at least 80% by 2030. Today's action by our board demonstrates the continued strength and resilience of MGE Energy's long-term business strategy in building your community energy company for the future."
MGE Energy has increased its dividend annually for the past 47 years and has paid cash dividends for more than 110 years.
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Contact: |
Steve B. Schultz Corporate Communications Manager 608-252-7219 | sbschultz@mge.com
Ken Frassetto Investor Relations 608-252-4723 | kfrassetto@mge.com |
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| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| 9/15/22 | None on these Dates | |||
| 9/1/22 | ||||
| Filed on / For Period end: | 8/19/22 | |||
| List all Filings | ||||