WEC Energy Group declares quarterly dividend

Rhea-AI Summary

WEC Energy Group (NYSE: WEC) has declared a quarterly cash dividend of 83.50 cents per share on its common stock. The dividend is payable on Dec. 1, 2024, to stockholders of record on Nov. 14, 2024. This marks the 329th consecutive quarter that the company has paid a dividend to its stockholders, dating back to 1942.

WEC Energy Group is a major energy company serving 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota. The company operates several utilities and has a subsidiary focused on renewable energy generation. WEC Energy Group is a Fortune 500 company and a component of the S&P 500, with approximately 34,000 stockholders of record, 7,000 employees, and over $45 billion in assets.

Positive

• Consistent dividend payment for 329 consecutive quarters since 1942
• Large customer base of 4.7 million across four states
• Diversified portfolio including renewable energy generation
• Fortune 500 company and S&P 500 component
• Substantial asset base of over $45 billion

Negative

• None.

News Market Reaction

+0.39%

1 alert

+0.39% News Effect

On the day this news was published, WEC gained 0.39%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MILWAUKEE, Oct. 17, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 83.50 cents per share on the company's common stock.

The dividend is payable Dec. 1, 2024, to stockholders of record on Nov. 14, 2024. This marks the 329^th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.7 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in states ranging from South Dakota to Texas.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 34,000 stockholders of record, 7,000 employees and more than $45 billion of assets.

View original content:https://www.prnewswire.com/news-releases/wec-energy-group-declares-quarterly-dividend-302279666.html

SOURCE WEC Energy Group

FAQ

What is the amount of WEC Energy Group's quarterly dividend for 2024?

WEC Energy Group (NYSE: WEC) has declared a quarterly cash dividend of 83.50 cents per share on its common stock for 2024.

When is the payment date for WEC Energy Group's latest dividend?

The dividend is payable on December 1, 2024, to stockholders of record on November 14, 2024.

How long has WEC Energy Group been paying dividends consecutively?

WEC Energy Group has paid dividends for 329 consecutive quarters, dating back to 1942.

How many customers does WEC Energy Group serve?

WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota.

What is the total asset value of WEC Energy Group as of October 2024?

As of October 2024, WEC Energy Group has more than $45 billion of assets.