MGE Energy set a quarterly dividend of $0.5083 per share for Dec. 15, keeping the payout at its current level after a 7% increase made in August.\n\nMGE Energy declared the dividend Oct. 16. Shareholders listed on the company’s books at close of business Dec. 1 qualify for payment. Shares go ex-dividend Nov. 30.\n\nThe August increase brought the annualized dividend to $2.0332 per share and extended the company’s run of annual increases to 51 years.\n\nMadison Gas and Electric, MGE Energy’s main subsidiary, serves 170,000 electricity customers in Dane County, Wisconsin. It also provides natural gas service to 180,000 customers across seven counties spanning south-central and western Wisconsin.
