5 Future Dividend Kings in the Next 5 Years or Less

4. MGE Energy, Inc. (NASDAQ:MGEE)

Consecutive Years of Dividend Growth: 48

MGE Energy, Inc. (NASDAQ:MGEE) is an American utility holding company that produces and distributes electricity and natural gas. The company pays a quarterly dividend of $0.4275 per share, having raised it by 5% in 2023. Overall, the company holds a 48-year track record of consistent dividend growth, which places it on our list of the best dividend kings of the future. The stock’s dividend yield on May 8 came in at 2.12%.

MGE Energy, Inc. (NASDAQ:MGEE) was a popular buy among elite funds as hedge fund positions in the company grew to 15 in Q4 2023, from 6 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds are collectively valued at nearly $22 million.

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