MGE Energy Inc. (MGEE) Plans Quarterly Dividend of $0.31
MGE Energy Inc. (NASDAQ:MGEE) declared a quarterly dividend on Monday, November 21st. Investors of record on Thursday, December 1st will be given a dividend of 0.3075 per share on Thursday, December 15th. This represents a $1.23 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 29th.
MGE Energy (NASDAQ:MGEE) traded up 0.32% during trading on Monday, hitting $63.30. The company had a trading volume of 66,938 shares. The firm’s 50 day moving average is $57.12 and its 200-day moving average is $55.48. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 30.36 and a beta of 0.27. MGE Energy has a 52-week low of $42.09 and a 52-week high of $63.55.
MGE Energy (NASDAQ:MGEE) last posted its earnings results on Thursday, November 3rd. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. MGE Energy had a net margin of 13.47% and a return on equity of 10.29%. The firm earned $136.70 million during the quarter, compared to the consensus estimate of $140.80 million. On average, equities analysts forecast that MGE Energy will post $2.30 earnings per share for the current year.
MGE Energy Company Profile
MGE Energy, Inc is a holding company. The Company operates through its subsidiaries. It operates through five segments: Regulated electric utility operations, Regulated gas utility operations, Nonregulated energy operations, Transmission investments and All other. Its Regulated electric utility operations segment generates, purchases and distributes electricity through MGE.
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