MGE Energy (MGEE) Dividend History & Yield
MGE Energy (MGEE) has increased its dividend for 34 consecutive years and currently yields 2.36%. The most recent payment was $0.4750/share on Feb 27, 2026, paid Quarterly.
MGEE
Current Yield
2.36%
TTM Dividend/Share
$1.88
Payment Frequency
Quarterly
Payout Ratio
50.4%
Consecutive Growth Years
34
Div Growth (1Y CAGR)
5.41%
Div Growth (5Y CAGR)
5.07%
Div Growth (10Y CAGR)
4.82%
Dividend Safety Score
4 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 50.4%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-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.
Dividend Payment History
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 May 31, 2023
- Payment date
- Jun 15, 2023
- Dividend
- $0.4075
- Adj. dividend
- $0.4075
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| 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 |
| May 31, 2023 | Jun 15, 2023 | $0.4075 | $0.4075 |
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.
Frequently asked questions
Does MGE Energy pay dividends?
- Yes, MGE Energy (MGEE) pays quarterly dividends of approximately $1.88 per share annually, yielding 2.36%.
What is MGE Energy's dividend yield?
- MGE Energy (MGEE) has a current dividend yield of 2.36%.
Is MGE Energy's dividend safe?
- MGE Energy (MGEE) passes 4 out of 5 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 50.4%. 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).
Explore more
MGEE — Overview
Company profile, financial tools, and key metrics
MGEE — Buybacks
Repurchase history, shareholder yield, and SBC vs buybacks
MGEE — Dividend Calculator
Calculate historical dividend income from any date
MGEE — Dividend Forecast
Project future income with DRIP and growth rates
What If Invested in MGEE?
See historical returns from any date