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%.
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.
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%.
| 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 |
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.
| 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% |
Yes, Mge Energy has paid four dividends in the last 12 months. MGEE has been paying dividends since 2000.
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.
Mge Energy's last regular dividend was on Aug 31, 2022 (ex-date) with the amount of $0.408 per share.
On an annual basis MGEE pays $1.57 per share.
The current dividend yield of Mge Energy is 2.3%.
Mge Energy pays dividends quarterly.
Mge Energy's dividend payout ratio is 54.6%.
Mge Energy's dividend yield is below the Utilities sector average.