Wisconsin Electric declares quarterly dividends

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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.

News Market Reaction – WEC

-1.53%

-1.53% News Effect

On the day this news was published, WEC declined 1.53%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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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

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.

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.

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.