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WEC Energy Group reports developments in its regulated electric and natural gas utility businesses across Wisconsin, Illinois, Michigan and Minnesota. The company’s principal utilities include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources, while We Power owns electric generating plants and WEC Infrastructure owns renewable generation facilities.
Recurring news covers earnings, electric and natural gas deliveries, capital-plan execution, dividends, reliability performance, safety, utility regulatory matters and generation projects such as solar, natural gas and battery storage. Company updates also address board governance and stockholder actions tied to its annual meeting.
WEC Energy Group Inc. (NYSE: WEC) will release its 2020 second-quarter earnings before the market opens on August 4. A conference call for analysts is scheduled for the same day at 1 p.m. Central time, which will be accessible via webcast at the company’s website. Detailed financial data will be available online by 6:30 a.m. Central time on August 4. Stakeholders can also listen to the call by dialing in, and a replay will be available on the website and by phone until August 18. The company serves 4.5 million customers across multiple states.
The Wisconsin Electric board has declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock, payable on Sept. 1, 2020, for stockholders of record by Aug. 14, 2020. Additionally, a $1.50 per share dividend on the Six Per Cent Preferred Stock will be paid on Oct. 31, 2020, to stockholders of record by Oct. 14, 2020. Wisconsin Electric, operating as We Energies, is a subsidiary of WEC Energy Group, serving over 1.1 million electric and 490,000 natural gas customers in Wisconsin.
WEC Energy Group (NYSE: WEC) has announced a quarterly cash dividend of 63.25 cents per share, payable on Sept. 1, 2020, to stockholders of record on Aug. 14, 2020. This marks the 312th consecutive quarter of dividend payments since 1942, showcasing the company's consistent commitment to returning value to its shareholders. WEC serves approximately 4.5 million customers across Wisconsin, Illinois, Michigan, and Minnesota, and holds around $35 billion in assets.
WEC Energy Group announced a $100,000 donation through the We Energies Foundation to support local businesses affected by recent protests in Milwaukee. This grant will aid the Metropolitan Milwaukee Association of Commerce's Rebuild and Revitalize fund, which has raised over $700,000 to assist business owners with repairs and inventory replacement. Leaders emphasize the importance of strengthening diverse businesses to enhance community prosperity and address racial disparities.
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WEC Energy Group (NYSE: WEC) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to buy up to 1.5 million shares at $88.88 each, approximately 4.28% lower than its last closing price of $92.85 on June 5, 2020. WEC encourages shareholders to reject this offer due to its below-market pricing and associated conditions. The offer expires at 12:01 a.m. ET on July 8, 2020. TRC's mini-tender offers have raised concerns among the SEC, advising shareholders to exercise caution.