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MGEE Mge Energy dividend history, payout ratio & dates

Mge Energy's most recent quarterly dividend payment of $0.408 per share was made to shareholders on record before Aug 31, 2022. The payout stands at $1.57 per share annually, which works out to a dividend yield of 2.3%. The latest MGEE stock dividend of $0.408 is an increase from the previous $0.388 distribution, representing a growth of 5%.

Key dates

  • MGEE last dividend date: Aug 31, 2022
  • MGEE next dividend date: Not announced
MGEE dividend stats
DPS
$1.57
Dividend yield
2.3%
Payout ratio
54.6%
vs. Utilities sector
Dividend yield
3.3%
Payout ratio
63.5%

Dividend yield

What is Mge Energy current dividend yield

MGEE has a dividend yield of 2.3% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.3%, Mge Energy's dividend yield is 30% lower. Historically MGEE's dividend yield has averaged at 2.0% in the last 5 years, which is below the current yield.

Dividend history

What is MGEE dividend payout history and dates

Mge Energy has been paying dividends for the last 22 years. According to our data MGEE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 4.9% for the last year. And since the stock price has gone down by 9% from a year ago, the dividend yield has increased by 15%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 31, 2022 Sep 15, 2022 Aug 19, 2022 $0.408 normal
May 31, 2022 Jun 15, 2022 May 17, 2022 $0.388 normal
Feb 28, 2022 Mar 15, 2022 Jan 21, 2022 $0.388 normal
Nov 30, 2021 Dec 15, 2021 Oct 15, 2021 $0.388 normal
Aug 31, 2021 Sep 15, 2021 Aug 20, 2021 $0.388 normal
May 28, 2021 Jun 15, 2021 May 18, 2021 $0.37 normal
Feb 26, 2021 Mar 15, 2021 Jan 15, 2021 $0.37 normal
Nov 30, 2020 Dec 15, 2020 Oct 16, 2020 $0.37 normal
Aug 31, 2020 Sep 15, 2020 Jul 17, 2020 $0.37 normal
May 29, 2020 Jun 15, 2020 May 19, 2020 $0.353 normal
Feb 27, 2020 Mar 15, 2020 Jan 17, 2020 $0.353 normal
Nov 27, 2019 Dec 15, 2019 Oct 18, 2019 $0.353 normal
Aug 29, 2019 Sep 15, 2019 Aug 16, 2019 $0.353 normal
May 30, 2019 Jun 15, 2019 May 14, 2019 $0.338 normal
Feb 28, 2019 Mar 15, 2019 Jan 18, 2019 $0.338 normal
Nov 29, 2018 Dec 15, 2018 Oct 19, 2018 $0.338 normal
Aug 30, 2018 Sep 15, 2018 Aug 17, 2018 $0.338 normal
May 31, 2018 Jun 15, 2018 May 15, 2018 $0.323 normal
Feb 28, 2018 Mar 15, 2018 Jan 19, 2018 $0.323 normal
Nov 30, 2017 Dec 15, 2017 Oct 20, 2017 $0.323 normal
Aug 30, 2017 Sep 15, 2017 Aug 18, 2017 $0.323 normal
May 30, 2017 Jun 15, 2017 May 16, 2017 $0.308 normal
Feb 27, 2017 Mar 15, 2017 Jan 20, 2017 $0.308 normal

Mge Energy dividend payout ratio

What is Mge Energy dividend payout ratio compared to the sector

Payout ratio

MGEE has a payout ratio of 54.6% which is lower than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 63.5%, Mge Energy's payout ratio is 14% lower.

Total amount of dividends paid per financial year (from cash flow)

MGEE dividend vs peer dividends

How does MGEE dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
ALE Allete Inc 5.04% $2.58 71.3%
WEC Wec Energy Group Inc 3.12% $2.86 66.1%
LNT Alliant Energy Corp 3.09% $1.69 60.9%
CMS Cms Energy Corp 3.04% $1.82 39.9%
DTE Dte Energy Co 2.99% $3.54 90.1%
XEL Xcel Energy Inc 2.94% $1.92 63.9%
AEE Ameren Corp 2.81% $2.32 59.2%
OTTR Otter Tail Corp 2.64% $1.63 25.8%
MGEE Mge Energy Inc 2.3% $1.57 54.6%

Frequently asked questions

Does Mge Energy pay a dividend?

Yes, Mge Energy has paid four dividends in the last 12 months. MGEE has been paying dividends since 2000.

When is Mge Energy's next dividend?

MGEE hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in November 2022.

When was MGEE's last dividend?

Mge Energy's last regular dividend was on Aug 31, 2022 (ex-date) with the amount of $0.408 per share.

How much dividend does Mge Energy pay (per share)?

On an annual basis MGEE pays $1.57 per share.

What is Mge Energy's dividend yield?

The current dividend yield of Mge Energy is 2.3%.

How often does Mge Energy pay dividends?

Mge Energy pays dividends quarterly.

What is Mge Energy's dividend payout ratio?

Mge Energy's dividend payout ratio is 54.6%.

Does Mge Energy pay a good dividend?

Mge Energy's dividend yield is below the Utilities sector average.