MGE Energy climbs on dividend raise

MGE Energy

20/08/2021 18:27

** Shares of public utility  MGEE.O  up 1.2% at $82.19
    ** MGEE increases regular quarterly dividend about 5% to
$0.3875 per share (https://bit.ly/3y28Ykb)
    ** This raises the annualized dividend rate by 7 cents to
$1.55 per share from $1.48 per share 
    ** The dividend is payable on Sept 15 to shareholders of
record on Sept 1
    ** The raise marks co's 46th consecutive year of increasing
its dividend
    ** MGEE is up 17.3% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))