Does MGE Energy (MGEE) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. MGE Energy (MGEE) pays a dividend yielding about 2.32% as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.47 per share, ex-dividend June 1, 2026. The forward annual rate is roughly $1.90 per share, about $232 a year on a $10,000 position before tax. The payout takes about 47% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does MGE Energy (MGEE) pay a dividend?
Yes. MGE Energy distributes a dividend yielding roughly 2.32% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.47 per share, with an ex-dividend date of June 1, 2026. Annualized, that is about $1.90 per share.
Trailing figures combine full-year 2025 results with the first half of 2026, when revenue rose about 6.7% to $403.9 million and net income rose about 20.2% to $81.8 million. Worth noting that second-quarter operating income actually fell slightly to $32.6 million from $34.2 million, and the reported earnings gain came from roughly $3.9 million of investment gains including venture capital fund returns plus higher equity-method transmission earnings, so the trailing EPS is flattered relative to pure utility operations. Common equity of about $1.44 billion against roughly 37.8 million shares works out to book value near $38 per share, putting the stock around 2.1 times book, above where many regulated utilities of similar size trade.
MGEE dividend at a glance
| 2026-06-01 | $0.475 |
| 2026-02-27 | $0.475 |
| 2025-12-01 | $0.475 |
| 2025-08-29 | $0.475 |
| 2025-05-30 | $0.45 |
| 2025-02-28 | $0.45 |
MGEE dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with MGEE's investor relations page before relying on it.
Is the MGEE dividend covered?
MGE Energy paid out about 47% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the MGEE dividend has changed
The latest payment of $0.47 per share compares with $0.45 in the equivalent payment a year earlier (May 30, 2025). That is a change of 5.6% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on MGEE's investor relations page.
What MGEE's dividend means for you
- Income: about $232 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for MGEE the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How MGEE dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the MGEE dividend
MGE Energy (MGEE) pays about 2.32%, or roughly $1.90 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the MGEE guide. Walnut can show how MGEE fits your real portfolio. It is not an investment adviser.
Investing in MGE Energy with AI
Connect the broker you already use and ask Walnut's AI how MGEE fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does MGE Energy (MGEE) pay a dividend?
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Yes. MGE Energy pays a dividend yielding roughly 2.32% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.47 per share with an ex-dividend date of June 1, 2026. That works out to a forward annual rate of about $1.90 per share. Yields move with the share price, so verify the current figure with your broker or MGEE's investor relations page before relying on it.
What is MGEE's dividend yield?
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About 2.32% as of August 2026. On a $10,000 position that is roughly $232 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so MGEE yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does MGEE pay its dividend?
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MGE Energy pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of June 1, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on MGEE's investor relations page, because boards can change both the amount and the timing.
When is MGEE's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is June 1, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check MGEE's investor relations page for the next confirmed date.
Has MGE Energy raised its dividend recently?
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Yes. The latest payment of $0.47 per share is above the $0.45 paid in the same slot a year earlier, an increase of about 5.6%. One raise is not a policy, though: check the multi-year record on MGEE's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is MGEE's dividend safe?
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MGE Energy paid out about 47% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in MGEE?
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At a yield of about 2.32%, roughly $232 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are MGEE dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest MGEE dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each MGEE payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Is MGEE a dividend stock?
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Income is the main reason most holders own it. MGE Energy declared $0.475 per share in each of the first two quarters of 2026, up from $0.450 in the same quarters of 2025, which annualizes to about $1.90 and yields roughly 2.3% at a share price near $81. Against trailing EPS of about $4.06 the payout ratio sits under 50%, leaving room for the modest annual increases the company has delivered for decades.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with MGEE's investor relations page or your broker before acting on them.