WEC Energy Group raises quarterly dividend by 6.7 percent

Rhea-AI Summary

WEC Energy Group (NYSE: WEC) declared a quarterly cash dividend of $0.9525 per share, a 6.7% increase from $0.8925, raising the annual dividend to $3.81 per share. The dividend is payable March 1, 2026 to holders of record on Feb. 13, 2026. This marks the 334th consecutive quarter of dividend payments (since 1942) and the 23rd consecutive year of dividend increases. Management continues to target a dividend payout of 65–70% of earnings. WEC serves 4.7 million customers, reports ~32,000 stockholders of record, ~7,000 employees, and holds more than $49 billion of assets.

Positive

• Dividend increase of 6.7% to $0.9525 per quarter
• Annual dividend raised to $3.81 per share
• 334 consecutive quarters of dividend payments since 1942
• 23rd consecutive year of dividend increases for shareholders
• Payout target maintained at 65–70% of earnings

Negative

• None.

MILWAUKEE, Jan. 22, 2026 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 95.25 cents per share on the company's common stock, an increase of 6.7 percent over the current quarterly dividend of 89.25 cents per share. This raises the annual dividend rate to $3.81 per share.

The higher dividend is payable March 1, 2026, to stockholders of record on Feb. 13, 2026. This marks the 334^th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

"With today's action by our board, 2026 will be the 23^rd consecutive year of dividend increases for our stockholders," said Scott Lauber, president and CEO. "We continue to target a dividend payout of 65 to 70 percent of earnings."

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 32,000 stockholders of record, 7,000 employees and more than $49 billion of assets.

Forward-looking statements

Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding earnings, earnings growth rates, dividend payments and future results. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans," "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms.

Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company's service territories; timing, resolution and impact of rate cases and other regulatory decisions, including rider reconciliations; the company's ability to continue to successfully integrate the operations of its subsidiaries; availability of the company's generating facilities and/or distribution systems; unanticipated changes in fuel and purchased power costs; key personnel changes; unusual, varying or severe weather conditions; continued industry restructuring and consolidation; continued advances in, and adoption of, new technologies that produce power or reduce power consumption; energy and environmental conservation efforts; electrification initiatives, mandates and other efforts to reduce the use of natural gas; the company's ability to successfully acquire and/or dispose of assets and projects and to execute on its capital plan, including projects related to serving data centers and other large-scale customers; terrorist, physical or cyber-security threats or attacks and data security breaches; construction risks; labor disruptions; equity and bond market fluctuations; changes in the company's and its subsidiaries' ability to access the capital markets; changes in tax legislation or our ability to use certain tax benefits and carryforwards; changes in and uncertainty around federal, state, and local legislation and regulation, including changes in rate-setting policies or procedures and environmental standards, in the enforcement of these laws and regulations and in the interpretation of regulations or permit conditions by regulatory agencies; supply chain disruptions; inflation; political or geopolitical developments impacting the global economy, supply chain and fuel prices generally, including as a result of changes to government trade policies, geopolitical tensions between the U.S. and other countries, or other new, protracted or escalating regional or international conflicts; the impact from any health crises, including epidemics and pandemics; current and future litigation and regulatory investigations, proceedings or inquiries; the ability of the Company to successfully and/or timely adopt new technologies, including artificial intelligence; changes in accounting standards; the financial performance of the American Transmission Company as well as projects in which the company's energy infrastructure business invests; the ability of the company to obtain additional generating capacity at competitive prices; goodwill and its possible impairment; and other factors described under the heading "Factors Affecting Results, Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" contained in the company's Form 10-K for the year ended Dec. 31, 2024, and in subsequent reports filed with the Securities and Exchange Commission. Except as may be required by law, the company expressly disclaims any obligation to publicly update or revise any forward-looking information.

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SOURCE WEC Energy Group

FAQ

What dividend did WEC (NYSE: WEC) declare on Jan. 22, 2026?

WEC declared a quarterly cash dividend of $0.9525 per share, up 6.7% from $0.8925.

When is the WEC dividend payable and what is the record date for March 2026?

The dividend is payable March 1, 2026 to stockholders of record on Feb. 13, 2026.

How does the Jan. 22, 2026 dividend affect WEC's annual rate?

The increase raises WEC's annual dividend rate to $3.81 per share.

How long has WEC maintained dividend payments and increases as of Jan. 22, 2026?

WEC has paid dividends for 334 consecutive quarters and is in its 23rd consecutive year of increases.

What dividend payout ratio does WEC target after the Jan. 22, 2026 declaration?

WEC continues to target a dividend payout of 65% to 70% of earnings.