MGE Energy (MGEE) Dividend History & Yield
Dividend ChampionMGE Energy (MGEE) has increased its dividend for 34 consecutive years and currently yields 2.47%. The most recent dividend was $0.4750/share on Mar 15, 2026, paid Quarterly.
MGEE
Current Yield
2.47%
TTM Dividend/Share
$1.88
Payment Frequency
Quarterly
Payout Ratio
48.1%
Consecutive Growth Years
34 (Dividend Champion)
Div Growth (1Y CAGR)
5.41%
Div Growth (5Y CAGR)
5.07%
Div Growth (10Y CAGR)
4.82%
MGEE: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
7.5%
FCF payout ratio
54.4%
Net debt / EBITDA
3.0x
Interest coverage
4.75x
ROIC (TTM)
8.0%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 48.1%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-2.19) does not fully cover dividend/share ($1.88).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
34 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 54.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.1%) ≤ EPS growth (16.9%) — sustainable.
Per-payment dividend history
Ex-date Jun 1, 2026
- Payment date
- Jun 15, 2026
- Dividend
- $0.4750
- Adj. dividend
- $0.4750
Ex-date Feb 27, 2026
- Payment date
- Mar 15, 2026
- Dividend
- $0.4750
- Adj. dividend
- $0.4750
Ex-date Dec 1, 2025
- Payment date
- Dec 15, 2025
- Dividend
- $0.4750
- Adj. dividend
- $0.4750
Ex-date Aug 29, 2025
- Payment date
- Sep 15, 2025
- Dividend
- $0.4750
- Adj. dividend
- $0.4750
Ex-date May 30, 2025
- Payment date
- Jun 15, 2025
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Feb 28, 2025
- Payment date
- Mar 15, 2025
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Nov 29, 2024
- Payment date
- Dec 15, 2024
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Aug 30, 2024
- Payment date
- Sep 15, 2024
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date May 31, 2024
- Payment date
- Jun 15, 2024
- Dividend
- $0.4275
- Adj. dividend
- $0.4275
Ex-date Feb 29, 2024
- Payment date
- Mar 15, 2024
- Dividend
- $0.4275
- Adj. dividend
- $0.4275
Ex-date Nov 30, 2023
- Payment date
- Dec 15, 2023
- Dividend
- $0.4275
- Adj. dividend
- $0.4275
Ex-date Aug 31, 2023
- Payment date
- Sep 15, 2023
- Dividend
- $0.4275
- Adj. dividend
- $0.4275
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 1, 2026 | Jun 15, 2026 | $0.4750 | $0.4750 |
| Feb 27, 2026 | Mar 15, 2026 | $0.4750 | $0.4750 |
| Dec 1, 2025 | Dec 15, 2025 | $0.4750 | $0.4750 |
| Aug 29, 2025 | Sep 15, 2025 | $0.4750 | $0.4750 |
| May 30, 2025 | Jun 15, 2025 | $0.4500 | $0.4500 |
| Feb 28, 2025 | Mar 15, 2025 | $0.4500 | $0.4500 |
| Nov 29, 2024 | Dec 15, 2024 | $0.4500 | $0.4500 |
| Aug 30, 2024 | Sep 15, 2024 | $0.4500 | $0.4500 |
| May 31, 2024 | Jun 15, 2024 | $0.4275 | $0.4275 |
| Feb 29, 2024 | Mar 15, 2024 | $0.4275 | $0.4275 |
| Nov 30, 2023 | Dec 15, 2023 | $0.4275 | $0.4275 |
| Aug 31, 2023 | Sep 15, 2023 | $0.4275 | $0.4275 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
MGE Energy has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 34 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.8500 | — | — |
| 2025 | $1.7550 | $1.8500 | +5.4% |
| 2024 | $1.6700 | $1.7550 | +5.1% |
| 2023 | $1.5900 | $1.6700 | +5.0% |
| 2022 | $1.5150 | $1.5900 | +5.0% |
| 2021 | $1.4450 | $1.5150 | +4.8% |
| 2020 | $1.3800 | $1.4450 | +4.7% |
| 2019 | $1.3200 | $1.3800 | +4.5% |
| 2018 | $1.2600 | $1.3200 | +4.8% |
| 2017 | $1.2050 | $1.2600 | +4.6% |
| 2016 | $1.1550 | $1.2050 | +4.3% |
| 2015 | $1.1084 | $1.1550 | +4.2% |
| 2014 | $1.0701 | $1.1084 | +3.6% |
| 2013 | $1.0373 | $1.0701 | +3.2% |
| 2012 | $1.0108 | $1.0373 | +2.6% |
| 2011 | $0.9908 | $1.0108 | +2.0% |
| 2010 | $0.9733 | $0.9908 | +1.8% |
| 2009 | $0.9560 | $0.9733 | +1.8% |
| 2008 | $0.9377 | $0.9560 | +1.9% |
| 2007 | $0.9244 | $0.9377 | +1.4% |
| 2006 | $0.9156 | $0.9244 | +1.0% |
| 2005 | $0.9062 | $0.9156 | +1.0% |
| 2004 | $0.8984 | $0.9062 | +0.9% |
| 2003 | $0.8922 | $0.8984 | +0.7% |
| 2002 | $0.8856 | $0.8922 | +0.7% |
| 2001 | $0.8767 | $0.8856 | +1.0% |
| 2000 | $0.8667 | $0.8767 | +1.2% |
| 1999 | $0.8627 | $0.8667 | +0.5% |
| 1998 | $0.8560 | $0.8627 | +0.8% |
| 1997 | $0.8497 | $0.8560 | +0.7% |
| 1996 | $0.8400 | $0.8497 | +1.2% |
| 1995 | $0.8311 | $0.8400 | +1.1% |
| 1994 | $0.8178 | $0.8311 | +1.6% |
| 1993 | $0.7956 | $0.8178 | +2.8% |
| 1992 | $0.9719 | $0.7956 | -18.1% |
| 1991 | $0.7644 | $0.9719 | +27.1% |
| 1990 | $0.7467 | $0.7644 | +2.4% |
| 1989 | $0.7259 | $0.7467 | +2.9% |
| 1988 | $0.7082 | $0.7259 | +2.5% |
| 1987 | — | $0.7082 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for MGE Energy (MGEE) from the consolidated cash flow statement, in USD as filed.
Latest period
$68.53M
YoY change
+6.3%
5Y CAGR
+5.5%
Peak year (2025)
$67.59M
Latest annual
$67.59M
Cash dividends paid over time for MGE Energy (MGEE)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for MGE Energy (MGEE)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $67.59M | +6.3% | +$3.99M | ||
| 2024 | $63.60M | +5.3% | +$3.20M | ||
| 2023 | $60.39M | +5.0% | +$2.89M | ||
| 2022 | $57.50M | +4.9% | +$2.71M | ||
| 2021 | $54.79M | +5.9% | +$3.06M | ||
| 2020 | $51.73M | +8.1% | +$3.89M | ||
| 2019 | $47.84M | +4.5% | +$2.08M | ||
| 2018 | $45.76M | +4.8% | +$2.08M | ||
| 2017 | $43.68M | +4.6% | +$1.91M | ||
| 2016 | $41.77M | +4.3% | +$1.73M | ||
| 2015 | $40.04M | +4.2% | +$1.61M | ||
| 2014 | $38.43M | +3.6% | +$1.32M | ||
| 2013 | $37.11M | +3.2% | +$1.16M | ||
| 2012 | $35.95M | +2.6% | +$925,000 | ||
| 2011 | $35.03M | +1.9% | +$656,000 | ||
| 2010 | $34.37M | +2.0% | +$677,000 | ||
| 2009 | $33.69M | +6.0% | +$1.91M | ||
| 2008 | $31.78M | +4.9% | +$1.49M | ||
| 2007 | $30.30M | +6.2% | +$1.78M | ||
| 2006 | $28.51M | +1.6% | +$459,000 | ||
| 2005 | $28.05M | +8.1% | +$2.11M | ||
| 2004 | $25.94M | +7.5% | +$1.81M | ||
| 2003 | $24.14M | +4.2% | +$967,000 | ||
| 2002 | $23.17M | +3.7% | +$829,000 | ||
| 2001 | $22.34M | +3.5% | +$753,000 | ||
| 2000 | $21.59M | +2.8% | +$588,000 | ||
| 1999 | $21.00M | +0.5% | +$100,000 | ||
| 1998 | $20.90M | +1.0% | +$200,000 | ||
| 1997 | $20.70M | +1.0% | +$200,000 | ||
| 1996 | $20.50M | +1.0% | +$200,000 | ||
| 1995 | $20.30M | -1.0% | -$200,000 | ||
| 1994 | $20.50M | — | — |
MGE Energy (MGEE) most recent annual dividends paid stands at $67.59M (2025) – grew 6.3% year-over-year.
MGE Energy dividends paid compound annual growth for the 2020–2025 (5 years) window is +5.5%, sustaining 30 straight years of year-over-year growth.
The dataset's maximum dividends paid sits at $67.59M (2025); the minimum reading of $20.30M dates to 1995.
MGE Energy (MGEE) sits 9th of 8 Utilities peers we track on this metric, against a peer median of $2.14B.
MGE Energy Dividends Paid 2025: $67.59M
MGE Energy dividends paid in 2025 was $67.59M, grew 6.3% from 2024. This figure represents the highest annual value in the available history.
MGE Energy Dividends Paid 2024: $63.60M
MGE Energy dividends paid in 2024 was $63.60M, grew 5.3% from 2023.
MGE Energy Dividends Paid 2023: $60.39M
MGE Energy dividends paid in 2023 was $60.39M, grew 5.0% from 2022.
MGE Energy Dividends Paid 2022: $57.50M
MGE Energy dividends paid in 2022 was $57.50M, edged up 4.9% from 2021.
MGE Energy Dividends Paid 2021: $54.79M
MGE Energy dividends paid in 2021 was $54.79M.
See more financial history for MGE Energy (MGEE).
Sector peers by dividends paid
Companies in the same sector as MGE Energy, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| NextEra Energy (NEE) | $4.68B | Utilities |
| Duke Energy (DUK) | $3.30B | Utilities |
| Southern Company (SO) | $3.02B | Utilities |
| Dominion Energy (D) | $2.28B | Utilities |
| American Electric Power Company (AEP) | $2.01B | Utilities |
| Sempra (SRE) | $1.60B | Utilities |
| Constellation Energy (CEG) | $486.00M | Utilities |
| GE Vernova (GEV) | $275.00M | Utilities |
Frequently asked questions
Does MGE Energy pay dividends?
Yes, MGE Energy (MGEE) pays quarterly dividends of approximately $1.88 per share annually, yielding 2.47%.
What is MGE Energy's dividend yield?
MGE Energy (MGEE) has a current dividend yield of 2.47%.
Is MGE Energy's dividend safe?
MGE Energy (MGEE) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has MGE Energy increased its dividend?
MGE Energy (MGEE) has 34 consecutive years of dividend increases.
What is MGE Energy's dividend payout ratio?
MGE Energy (MGEE) has a dividend payout ratio of 48.1%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is MGE Energy's dividends paid?
Latest reported dividends paid for MGE Energy (MGEE) is $68.53M (period ending March 31, 2026).
How has MGE Energy dividends paid changed year-over-year?
MGE Energy (MGEE) dividends paid changed +6.3% year-over-year on the latest annual filing.
What is the long-term growth rate of MGE Energy dividends paid?
MGE Energy (MGEE) dividends paid compound annual growth rate is +5.5% over the most recent 5 years available.
When did MGE Energy dividends paid hit its highest annual value?
MGE Energy dividends paid reached its highest annual value of $67.59M in 2025.
What was MGE Energy dividends paid in 2024?
MGE Energy (MGEE) dividends paid in 2024 was $63.60M.
What was MGE Energy dividends paid in 2025?
MGE Energy (MGEE) dividends paid in 2025 was $67.59M.
Explore more
MGEE Overview
Company profile, financial tools, and key metrics
MGEE Revenue Counter
Earns $24.33 every second. See per minute, hour, and day.
MGEE Earnings Counter
Earns $4.53 per second net profit. See per minute, hour, and day.
MGEE Economic Scale
Exceeds Dominica's GDP. Compare with world economies.
MGEE What If Invested
What if you had invested $1,000? See historical returns from any date.
MGEE How It Makes Money
Discover visual breakdown of $767.39M in revenue — where it comes from and where it goes.
MGEE Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
MGEE Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
MGEE Daily Price Character
Steady · 43.3% historical win rate (green days). Streaks & record days.
MGEE Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
MGEE Stock Split History
3 splits on record. Dates, ratios, and cumulative multiple.
MGEE Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
MGEE Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
MGEE Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
MGEE Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.