MGE Energy (MGEE): A Steady Utility and Reliable Dividend King Focused on Clean Energy

Core Insights - MGE Energy, Inc. (NASDAQ:MGEE) is recognized as a reliable dividend stock, emphasizing its strong financial health and disciplined capital management [2][5] - The company is focused on clean energy, aiming to expand its renewable energy capacity and modernize its electric grid [3][4] Financial Performance - MGE Energy has a long history of rewarding shareholders, having increased its dividend for 50 consecutive years and paid dividends for 110 years [5] - The current quarterly dividend is $0.475 per share, resulting in a dividend yield of 2.26% as of October 13 [5] Business Strategy - The company aims to phase out coal by 2032 and achieve net-zero carbon electricity by 2050, reflecting its commitment to environmental sustainability [4] - MGE Energy's growth strategy includes expanding solar and battery storage facilities to meet carbon-reduction targets [4]