MGE Energy's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MGE Energy (NASDAQ:MGEE) has announced a quarterly dividend of 42.75 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders who own MGEE as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.
August 28, 2023 | 2:46 pm
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MGE Energy's announcement of a 42.75 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which can lead to a short-term decrease in the stock price. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance. Investors who own the stock prior to the ex-dividend date are eligible to receive the dividend.
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