Wisconsin Electric declares quarterly dividends
Rhea-AI Summary
Wisconsin Electric Power Co., a subsidiary of WEC Energy Group (NYSE: WEC), has declared quarterly dividend payments for two classes of preferred stock. The company will pay 90 cents per share on its Preferred Stock, 3.60% Series, payable September 1, 2025, to stockholders of record on August 14, 2025.
Additionally, a quarterly cash dividend of $1.50 per share was declared on the Six Per Cent Preferred Stock, payable October 31, 2025, to stockholders of record on October 14, 2025. We Energies, as the company is known commercially, serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin.
Positive
- Consistent dividend payments maintained for preferred stockholders
- Large customer base with over 1.1 million electric and 490,000 natural gas customers
- Strong parent company backing as subsidiary of WEC Energy Group
Negative
- None.
News Market Reaction
On the day this news was published, WEC gained 1.53%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-302508309.html
SOURCE Wisconsin Electric Power Co.