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Public utility MGE Energy announced yesterday its second-quarter dividend of $0.3951 per share, the same rate it paid last quarter. The board of directors said the quarterly dividend is payable on ...
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For instance, if the record date is Sunday, then the ex-dividend date is the preceding Thursday, not Friday — assuming no intervening holidays. To be a stockholder on the record date, an investor must purchase the stock before the ex-dividend date in order to allow for the 1-trading day settlement of the stock purchase. If the investor ...
MGE Energy is the parent corporation and holding company of eight subsidiaries. Madison Gas and Electric Co. (MGE), a regulated utility, and its divisions, which serve natural gas and electric customers in south-central and south-western Wisconsin. MGE has 146,000 electric customers and 152,000 natural gas customers.
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The dividend payout ratio is calculated as DPS/EPS. According to Financial Accounting by Walter T. Harrison, the calculation for the payout ratio is as follows: Payout Ratio = (Dividends - Preferred Stock Dividends)/Net Income. The dividend yield is given by earnings yield times the dividend payout ratio:
MGE Energy Declares Regular Dividend MADISON, Wis.--(BUSINESS WIRE)-- The board of directors of MGE Energy, Inc. (NAS: MGEE) today declared the regular quarterly dividend of $0.3951 per share on ...