Gary J. Wolter,
MGE Energy Chairman,
President and Chief Executive Officer
In August, we marked 41 years of consecutive dividend increases. The regular quarterly dividend is now $0.3075, which raises the current annual dividend rate by 5 cents to $1.23 per share.
Compared to combination utility holding companies nationwide, MGE Energy is one of only four to increase its dividend for 41 or more consecutive years. No other Wisconsin utility holding company can match our history of dividend increases. We have paid dividends for more than 100 consecutive years.
According to Zack’s Investment Research, MGE Energy’s recent dividend hike “is in sync with the company’s customer-focused business model.”
“MGE Energy’s main affiliate, Madison Gas and Electric (MGE), is making impressive strides with regard to its framework Energy 2030,” Zacks stated.
Energy 2030 aims to meet 25% of total retail electric sales with renewable sources by 2025, which will increase to 30% by 2030. The framework includes the goal of reducing carbon dioxide emissions by 40% by
2030 from 2005 levels, as well as reducing peak energy usage to minimize long-term costs.
Energy 2030 also reaffirms the company’s commitment to energy reliability, which remains top in the nation.
On average, our shareholders keep MGE Energy stock for 10 years or longer. If you invested $1,000 in MGE Energy 10 years ago, stock price appreciation and reinvested dividends would bring your investment value to $2,954 by the end of 2015.