MGEE Mge Energy dividend history, payout ratio & dates
Mge Energy's most recent dividend payment of $0.45 per share was made to shareholders on record before Aug 30, 2024. The payout stands at $1.73 per share annually, which works out to a dividend yield of 1.66%. The latest MGEE stock dividend of $0.45 is an increase from the previous $0.428 distribution, representing a growth of 5%.
Key dates
- MGEE last dividend date: Aug 30, 2024
MGEE dividend stats
vs. Utilities sector
Dividend yield
MGEE has a dividend yield of 1.66% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.07%, Mge Energy's dividend yield is 46% lower. Historically MGEE's dividend yield has averaged at 2.1% in the last 5 years, which is above the current yield.
Dividend history
Mge Energy has been paying dividends for the last 30 years. According to our data MGEE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 5% for the last year. However since the stock price has gone up by 41% from a year ago, the dividend yield has decreased by 26%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 30, 2024 | $0.45 | 2% |
| May 31, 2024 | $0.428 | 2.13% |
| Feb 29, 2024 | $0.428 | 2.67% |
| Nov 30, 2023 | $0.428 | 2.26% |
| Aug 31, 2023 | $0.428 | 2.28% |
| May 31, 2023 | $0.408 | 2.27% |
| Feb 28, 2023 | $0.408 | 2.27% |
| Nov 30, 2022 | $0.408 | 2.21% |
| Aug 31, 2022 | $0.408 | 2.04% |
| May 31, 2022 | $0.388 | 1.95% |
| Feb 28, 2022 | $0.388 | 2.13% |
| Nov 30, 2021 | $0.388 | 2.09% |
| Aug 31, 2021 | $0.388 | 1.86% |
| May 28, 2021 | $0.37 | 1.97% |
| Feb 26, 2021 | $0.37 | 2.3% |
| Nov 30, 2020 | $0.37 | 2.1% |
| Aug 31, 2020 | $0.37 | 2.2% |
| May 29, 2020 | $0.353 | 2.08% |
| Feb 27, 2020 | $0.353 | 1.85% |
| Nov 27, 2019 | $0.353 | 1.77% |
| Aug 29, 2019 | $0.353 | 1.8% |
| May 30, 2019 | $0.338 | 2.06% |
| Feb 28, 2019 | $0.338 | 2.09% |
| Nov 29, 2018 | $0.338 | 2.05% |
| Aug 30, 2018 | $0.338 | 1.99% |
| May 31, 2018 | $0.323 | 2.16% |
| Feb 28, 2018 | $0.323 | 2.43% |
| Nov 30, 2017 | $0.323 | 1.91% |
| Aug 30, 2017 | $0.323 | 1.95% |
| May 30, 2017 | $0.308 | 1.9% |
| Feb 27, 2017 | $0.308 | 1.88% |
| Nov 29, 2016 | $0.308 | 1.97% |
| Aug 30, 2016 | $0.308 | 2.18% |
| May 27, 2016 | $0.295 | 2.29% |
| Feb 26, 2016 | $0.295 | 2.37% |
| Nov 27, 2015 | $0.295 | 2.71% |
| Aug 28, 2015 | $0.295 | 2.96% |
| May 28, 2015 | $0.283 | 2.89% |
| Feb 25, 2015 | $0.283 | 2.59% |
Mge Energy dividend payout ratio
Payout ratio
MGEE has a payout ratio of 53% which is lower than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 63.3%, Mge Energy's payout ratio is 16% lower.
Total amount of dividends paid per financial year (from cash flow)
MGEE dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ALE Allete Inc | 4.38% | $2.82 | 90.1% |
| AEP American Electric Power Co Inc | 3.64% | $3.57 | 71.5% |
| WEC Wec Energy Group Inc | 3.31% | $3.34 | 81.7% |
| DTE Dte Energy Co | 3.28% | $4.08 | 55.1% |
| XEL Xcel Energy Inc | 3.03% | $2.16 | 64.2% |
| LNT Alliant Energy Corp | 3.03% | $1.92 | 74.4% |
| CMS Cms Energy Corp | 2.96% | $2.06 | 58.9% |
| AEE Ameren Corp | 2.81% | $2.64 | 62% |
| OTTR Otter Tail Corp | 2.32% | $1.87 | 25.7% |
| MGEE Mge Energy Inc | 1.65% | $1.73 | 53% |
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 1994.
When was MGEE's last dividend?
Mge Energy's last regular dividend was on Aug 30, 2024 (ex-date) with the amount of $0.45 per share.
How much dividend does Mge Energy pay (per share)?
On an annual basis MGEE pays $1.73 per share.
What is Mge Energy's dividend yield?
The current dividend yield of Mge Energy is 1.66%.
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 53%.
Does Mge Energy pay a good dividend?
Mge Energy's dividend yield is below the Utilities sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.