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| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
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| FORM CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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Commission File No. |
| Name of Registrant, State of Incorporation, Address of Principal Executive Offices, and Telephone No. |
| IRS Employer Identification No. |
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(a ( |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Item 8.01. Other Events.
On August 20, 2021, MGE Energy, Inc. (the Company) issued a press release announcing an increase in its regular quarterly dividend on its outstanding shares of common stock. The release announced the declaration of a quarterly dividend of $0.3875 per share, payable on September 15, 2021, to shareholders of record as of September 1, 2021. The Company is filing a copy of that press release as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
(a)Financial statements of businesses acquired: None
(b)Pro forma financial information: None
(c)Shell company transactions: None
(d)Exhibits.
Exhibit No. |
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| Press release of MGE Energy, Inc., issued on August 20, 2021. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
| MGE Energy, Inc. Madison Gas and Electric Company |
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Date: August 20, 2021 | /s/ Tamara J. Johnson |
| Tamara J. Johnson Vice President - Accounting and Controller |
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EXHIBIT 99.1
News
MGE Energy Increases Dividend for 46th Consecutive Year
Madison, Wis., Aug 20, 2021—The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today increased the regular quarterly dividend rate approximately 5% to $0.3875 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2021, to shareholders of record Sept. 1, 2021. This raises the annualized dividend rate by 7 cents from $1.48 per share to $1.55 per share.
"Today's dividend increase marks the company's 46th consecutive year of increasing its dividend, an accomplishment that everyone at MGE Energy can be proud of. We recognize the importance of dividend growth to the overall shareholder value proposition," Chairman, President and CEO Jeff Keebler said. "Today's action by our board reinforces our long record of shareholder value through dividends and dividend growth and demonstrates the continued strength and resilience of MGE Energy's long-term business strategy in building your community energy company for the future."
MGE Energy has increased its dividend annually for the past 46 years and has paid cash dividends for more than 110 years.
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties.
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Contact: |
Steve B Schultz Corporate Communications Manager 608-252-7219 | sbschultz@mge.com |
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Document and Entity Information |
Aug. 20, 2021 |
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| Document And Entity Information [Line Items] | |
| Entity Registrant Name | MGE Energy, Inc. |
| Entity Central Index Key | 0001161728 |
| Document Type | 8-K |
| Document Period End Date | Aug. 20, 2021 |
| Amendment Flag | false |
| Trading Symbol | MGEE |
| Entity Emerging Growth Company | false |
| Security Exchange Name | NASDAQ |
| Security 12b Title | Common Stock, $1 Par Value Per Share |
| Entity Tax Identification Number | 39-2040501 |
| Entity File Number | 000-49965 |
| Entity Address Address Line1 | 133 South Blair Street |
| Entity Address City Or Town | Madison |
| Entity Address State Or Province | WI |
| Entity Address Postal Zip Code | 53788 |
| City Area Code | 608 |
| Local Phone Number | 252-7000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Issuer Tender Offer | false |
| Pre-commencement Tender Offer | false |
| Entity Incorporation State Country Code | WI |