When is the dividend payment date for the $1.50 per share dividend?

The $1.50 per share dividend will be paid on January 31, 2023.

Wisconsin Electric declares quarterly dividends

The board of Wisconsin Electric has declared a quarterly cash dividend of 90 cents per share on the 3.60% Series Preferred Stock, payable on December 1, 2022, to shareholders of record on November 14, 2022.

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Rhea-AI Sentiment

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

The board of Wisconsin Electric has declared a quarterly cash dividend of 90 cents per share on the 3.60% Series Preferred Stock, payable on December 1, 2022, to shareholders of record on November 14, 2022.

Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on January 31, 2023, for shareholders of record on January 13, 2023.

Positive

90 cents per share dividend on 3.60% Series Preferred Stock reinforces shareholder income.
$1.50 per share dividend on Six Per Cent Preferred Stock demonstrates company confidence.

Negative

None.

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News Market Reaction – WEC

The recorded move for WEC in the trading session of this news was -1.53%.

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10/20/2022 - 01:15 PM EDT

MILWAUKEE, Oct. 20, 2022 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable Dec. 1, 2022, to stockholders of record on Nov. 14, 2022. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable Jan. 31, 2023, to stockholders of record on Jan. 13, 2023.

Wisconsin Electric Power Co., doing business as We Energies, is a subsidiary of WEC Energy Group (NYSE: WEC). The company serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin. Visit the We Energies website at we-energies.com.

View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301655245.html

SOURCE Wisconsin Electric Power Co.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for Wisconsin Electric in December 2022?

The dividend amount declared for December 2022 is 90 cents per share on the 3.60% Series Preferred Stock.

What is the record date for the December 2022 dividend?

The record date for the December 2022 dividend is November 14, 2022.

How often does Wisconsin Electric pay dividends?

Wisconsin Electric typically pays quarterly dividends.

What is the significance of preferred stock dividends for shareholders?

Preferred stock dividends provide a consistent income stream for shareholders and indicate the company's financial health.

Wisconsin Electric declares quarterly dividends