Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

The Wisconsin Electric board has declared a quarterly cash dividend of 90 cents per share on the 3.60% Series Preferred Stock, payable on March 1, 2023, to stockholders of record by February 14, 2023. Additionally, a dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on April 30, 2023, to stockholders recorded by April 14, 2023. Wisconsin Electric Power Co., operating as We Energies, is a subsidiary of WEC Energy Group (NYSE: WEC), serving over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

• Quarterly cash dividend of 90 cents per share on 3.60% Series Preferred Stock boosts shareholder income.
• Quarterly cash dividend of $1.50 per share on Six Per Cent Preferred Stock demonstrates company confidence.

Negative

• None.

News Market Reaction – WEC

-0.79%

-0.79% Session move

In the trading session that priced this news, WEC declined 0.79%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MILWAUKEE, Jan. 19, 2023 /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 March 1, 2023, to stockholders of record on Feb. 14, 2023. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable April 30, 2023, to stockholders of record on April 14, 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-301726223.html

SOURCE Wisconsin Electric Power Co.

FAQ

What is the dividend amount for Wisconsin Electric in March 2023?

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

When will the April 2023 dividend for Wisconsin Electric be paid?

The April 2023 dividend of $1.50 per share on Six Per Cent Preferred Stock will be paid on April 30, 2023.

Who is eligible for the Wisconsin Electric dividend payments?

Stockholders of record on February 14, 2023, for the March dividend and April 14, 2023, for the April dividend are eligible.

What is the significance of the dividends declared by Wisconsin Electric?

The dividends indicate consistent returns to shareholders and a commitment to maintaining shareholder value.