MGEE 8-K
Mge Energy Inc (MGEE)
|
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
|
|
|
|
FORM CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
|
|
||
|
|
Date of report (date of earliest event reported) |
|
|
Commission File No. |
|
Name of Registrant, State of Incorporation, Address of Principal Executive Offices, and Telephone No. |
|
IRS Employer Identification No. |
|
|
(a ( |
|
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on which registered |
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
Item 8.01. Other Events.
On August 15, 2025, MGE Energy, Inc. (the Company) issued a press release announcing an increase in its regular quarterly dividend on its outstanding shares of common stock. The release announced the declaration of a quarterly dividend of $0.475 per share, payable on September 15, 2025, to shareholders of record as of September 1, 2025. The Company is filing a copy of that press release as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired: None
(b) Pro forma financial information: None
(c) Shell company transactions: None
(d) Exhibits.
Exhibit No. |
|
Description |
|
Press release of MGE Energy, Inc., issued on August 15, 2025. |
|
104 |
|
Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
MGE Energy, Inc. |
|
(Registrant) |
|
|
|
|
|
|
Date: August 15, 2025 |
/s/ Jenny L. Lagerwall |
|
Jenny L. Lagerwall Assistant Vice President - Accounting and Controller (Chief Accounting Officer) |
3
EXHIBIT 99.1
News
MGE Energy Increases Dividend for 50th Consecutive Year
Madison, Wis., August 15, 2025—The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today increased the regular quarterly dividend rate 5.6% to $0.4750 per share on the outstanding shares of the company’s common stock. The dividend is payable Sept. 15, 2025, to shareholders of record Sept. 1, 2025. This raises the annualized dividend rate by 10 cents from $1.80 per share to $1.90 per share.
"Today’s action by our board marks a milestone that only a select number of companies have achieved of increasing the dividend for 50 consecutive years, reinforcing our commitment to consistent and sustainable dividend growth and signaling the continued strength of MGE Energy’s long-term business strategy for building your community energy company for the future," said Chairman, President and CEO Jeff Keebler. "MGE Energy continues to focus on our mission to provide safe, reliable, affordable and sustainable energy and on our disciplined financial management to provide ongoing value to our customers and shareholders."
MGE Energy has paid cash dividends for more than 110 years.
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 167,000 customers in Dane County, Wis., and purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Contact: |
Steve Schultz Media Relations 608-252-7219 | [email protected]
Ken Frassetto Investor Relations 608-252-4723 | [email protected] |
|
1