Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

Wisconsin Electric, a subsidiary of WEC Energy Group (NYSE: WEC), has declared quarterly cash dividends for its preferred stockholders. The board announced:

1. A dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable on Dec. 1, 2024, to stockholders of record on Nov. 14, 2024.

2. A dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable on Jan. 31, 2025, to stockholders of record on Jan. 14, 2025.

Wisconsin Electric Power Co., operating as We Energies, serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin.

Positive

• Consistent dividend payments indicate financial stability
• Large customer base of 1.1 million electric and 490,000 natural gas customers

Negative

• None.

News Market Reaction

+0.39%

1 alert

+0.39% News Effect

On the day this news was published, WEC gained 0.39%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MILWAUKEE, Oct. 17, 2024 /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, 2024, to stockholders of record on Nov. 14, 2024. 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, 2025, to stockholders of record on Jan. 14, 2025.

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. Go to the We Energies website at we-energies.com.

View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-302279668.html

SOURCE Wisconsin Electric Power Co.

FAQ

What is the dividend amount for Wisconsin Electric's 3.60% Series Preferred Stock?

Wisconsin Electric declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series.

When will Wisconsin Electric (WEC) pay the dividend for its Six Per Cent Preferred Stock?

The dividend for Wisconsin Electric's Six Per Cent Preferred Stock will be paid on January 31, 2025.

What is the record date for Wisconsin Electric's 3.60% Series Preferred Stock dividend?

The record date for Wisconsin Electric's 3.60% Series Preferred Stock dividend is November 14, 2024.

How many customers does Wisconsin Electric (WEC) serve?

Wisconsin Electric, operating as We Energies, serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin.