MGE Energy provides electric and gas service to Wisconsin.
Photo:Flickr.com/chumlee10

Two dividend growth companies announced their annual increases this week.  Both increases were modest, but kept the companies’ dividend streaks going.  Regional banking company Community Bank Systems extended their streak to 26 years, while utility MGE Energy now has 41 years of dividend growth under its belt.  Next week will be quiet, as the next company I’m tracking for an increase is Harris Corporation at the end of the month.

Dividend Increases Announced This Week

Community Bank System (CBU)

Industry: Regional Banking

Dividend Payment: 34 cents per share – up 6.3% from prior level of 32 cents

Dividend Paid On: 10/10

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 9/13

Number of Years of Dividend Increases: 26

Current Forward Yield: 2.63%

MGE Energy (MGEE)

Industry: Utility – Diversified

Dividend Payment: 32.25 cents per share – up 4.9% from prior level of 30.75 cents

Dividend Paid On: 9/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 8/30

Number of Years of Dividend Increases: 41

Current Forward Yield: 2.03%

Dividend Increase Announcements Expected Next Week

None.