WEC Energy Group declares quarterly dividend

(Neutral)

Rhea-AI Summary

The board of directors of WEC Energy Group (NYSE: WEC) declared a quarterly cash dividend of 72.75 cents per share, payable on Sept. 1, 2022. This marks an impressive 80 years of consecutive dividend payments, totaling 320 quarters since 1942. WEC Energy serves 4.6 million customers across several states, including Wisconsin and Illinois, with significant assets exceeding $39 billion. The company, part of the S&P 500, is committed to maintaining its dividend track record while managing a diverse portfolio of utility and renewable energy assets.

Positive

Declared a quarterly cash dividend of 72.75 cents per share, enhancing shareholder income.
Achieved 80 years of consecutive dividend payments, showcasing strong financial stability.

Negative

None.

News Market Reaction – WEC

+0.10%

+0.10% Session move

In the trading session that priced this news, WEC gained 0.10%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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07/21/2022 - 02:32 PM

MILWAUKEE, July 21, 2022 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 72.75 cents per share on the company's common stock.

The dividend is payable Sept. 1, 2022, to stockholders of record on Aug. 12, 2022. This marks 80 years — spanning 320 consecutive quarters 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 4.6 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 the Midwest.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has 38,000 stockholders of record, 7,000 employees and more than $39 billion of assets.

View original content:https://www.prnewswire.com/news-releases/wec-energy-group-declares-quarterly-dividend-301591285.html

SOURCE WEC Energy Group

FAQ

What is the amount of WEC Energy Group's latest dividend?

WEC Energy Group declared a quarterly cash dividend of 72.75 cents per share.

When will the dividend be paid by WEC Energy Group?

The dividend will be payable on Sept. 1, 2022.

How long has WEC Energy Group been paying dividends?

WEC Energy Group has been paying dividends for 80 years, amounting to 320 consecutive quarters.