Stephen R Kraus
Manager – Media Relations
Madison Gas and Electric Co.
608-252-7907
Email Address: SKraus@mge.com
Madison, Wis., Aug. 15, 2014—The board of directors of MGE Energy, Inc.
(Nasdaq: MGEE) today increased the regular quarterly dividend rate by 4.0%
to $0.2825 per share on the company’s common stock. The dividend is payable
Sept. 15, 2014, to shareholders of record Sept. 1, 2014. This increase
raises the annual dividend rate by 4 cents from $1.09 per share to $1.13
per share.
“Our board once again demonstrated their strong commitment to providing
long-term value to our shareholders,” said Gary J. Wolter, MGE Energy’s
chairman, president and CEO. “They recognize the important role dividends
play in our investors’ portfolios.”
The company has increased its dividends annually for 39 consecutive years.
The last three dividend increases approved by the board have been the
largest percentage dividend increases over the past two decades.
MGE Energy is a public utility holding company. Its principal subsidiary,
Madison Gas and Electric (MGE), generates and distributes electricity to
141,000 customers in Dane County, Wis., and purchases and distributes
natural gas to 147,000 customers in seven south-central and western
Wisconsin counties. MGE’s roots in the Madison area date back more than 150
years.
