MGE Energy Board Of Directors Increases Quarterly Dividend Rate By 5.3% To $0.45 Per Share, Raising Annualized Rate To $1.80 Per Share
Portfolio Pulse from Benzinga Newsdesk
MGE Energy's Board of Directors has increased the quarterly dividend rate by 5.3% to $0.45 per share, raising the annualized rate to $1.80 per share. The dividend is payable on September 15, 2024, to shareholders of record on September 1, 2024.
August 16, 2024 | 4:23 pm
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MGE Energy has increased its quarterly dividend by 5.3% to $0.45 per share, raising the annualized rate to $1.80 per share. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the dividend rate is a positive signal to the market, indicating the company's strong financial health and commitment to returning value to shareholders. This is likely to attract income-focused investors, potentially driving up the stock price in the short term.
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